150/156 2 S REXBURG ID 83440 | 2143426

150/156 2 S
REXBURG, ID, 83440
$1,200,000
8 Beds
4 Baths
3,150 SqFt
0.32 Acres
ONE 4-PLEX & ONE 3-PLEX possible in a 2-building campus just 1 block NE from BYU-Idaho. These stately brick homes are being converted to brand new apartments with the potential of 7 individual apartments. 4-plex: Bldg 150E2ndS was gutted to the studs, and everything professionally rebuilt – NO shortcuts. Everything is NEW – plumbing, electrical, interior fire sprinkler & alarm system, windows, walls, laminate flooring, LED disk lighting, water heaters, insulation throughout, cabinetry, stainless steel appliances – everything! The landscape has been beautifully recreated and has an auto sprinkler system to water both lots #150 and #156. The parking was re-blacktopped and striped in 2021. #150 has been 100% rented since it’s completion in 09/2021. There are four 2-bedroom apartments with rent of $900 to $950; renewed leases in 09/22 will be $1000 to $1050+. In building #150, the upper-level apartments both have private porches. The lower-level apartments are walk-outs with patios. Each unit is total electric with separate meters. TRI-PLEX – #156 has been gutted to the studs and is ready to begin reconstruction. The same construction company that rebuilt #150 has estimated the rebuild of #156 to be $275,000 to $300,000 to be of the same quality as #150.

Property Details

Price:
$1,200,000
MLS #:
2143426
Status:
Active
Beds:
8
Baths:
4.00
Address:
150/156 2 S
Type:
Multi Family
City:
REXBURG
Listed Date:
Apr 18, 2022
State:
ID
Square Ft (approx):
3,150
ZIP:
83440
Lot Size:
14 sqft / 0.32 acres (approx)
Year Built:
1920
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Schools

Elementary School:
LINCOLN 321EL
Middle School:
MADISON 321JH
High School:
MADISON 321HS

Interior

Below Grade Sq Ft
1575
Full Baths
4

Exterior

Frontage
109

Financial

Taxes
$10,009

Map

Community

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150/156 2 S
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