NOT LISTED FOR SALE

264 S 2nd W Rexburg, ID 83440

19 Beds
6 Baths
6,133 Sq Ft
0.31 Acres

Last Sold December 21, 2018

51 Days on Market

Highlights

  • Property is near park and schools
  • Attic
  • Forced Air Zoned Heating System
  • Madison Senior High School Rated A-
  • No HOA
  • Ceiling Fan

About This Home

As of December 2018

BYUI-Approved housing for 29 single men only 1 block from campus! Currently the property is performing at a 6% cap rate. Recent capital improvements include a new metal roof/membrane roof, the parking lot was re-paved and new floor coverings were recently installed in Apt. A. The new owners would need to qualify with BYU-Idaho. A full financial analysis is available upon request for qualified buyers. New owners to take assume the internet contract.

Last Agent to Sell the Property

Tony Stallings

Edge Real Estate License #AB28270 Listed on: 07/31/2018

Last Buyer's Agent

Danny Hebdon

Edge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,082

Year Built

  • Built in 1950

Lot Details

  • 0.31 Acre Lot
  • Many Trees

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Membrane Roofing
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Finished Basement
  • Partial Basement
  • Attic

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 6 Full Bathrooms

Parking

  • 16 Parking Spaces
  • Open Parking
  • Off-Street Parking

Location

  • Property is near park and schools

Schools

  • Kennedy 321El Elementary School
  • Madison 321Jh Middle School
  • Madison 321Hs High School

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Total Actual Rent $65,670
  • The owner pays for grounds care, trash collection, electricity, water, gas, sewer, insurance, snow removal

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Southend Addition Mad Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,082

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Has Basement: Finished, Partial
  • Inclusions: 3 Dryers, 3 Washers, 5 Dishwashers, 5 Disposals, 8 Fridges, 5 Ranges,
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.31
  • Subdivision Name: Southend Addition-Mad
  • Directions: From Main Street go south on 2nd W to address, property is directly north of the Taco Time Restaurant.
  • Above Grade Finished Sq Ft: 4733
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Attic
  • Appliances: Microwave, Oven, Dishwasher, Refrigerator, Stove
  • Owner Pays: Grounds Care, Trash Collection, Electricity, Water, Gas, Sewer, Insurance, Snow Removal
  • Full Bathrooms: 6
  • Total Bedrooms: 19
  • Below Grade Sq Ft: 1400
  • Living Area: 6133

Exterior Features

  • Exclusions: Tenants Personal Property
  • Roof: Membrane, Metal
  • View: None
  • Lot Features: Near Schools, Near Mall/Shop, Near Park, Near University/College, Concrete Curbing, Many Trees, Flower Beds
  • View: No
  • Construction Type: Frame, Block, Brick, Wood Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 16

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Coin Operated Laundry
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Electric, Natural Gas, Zoned
  • Electric: Separate Power Meters, Rocky Mountain Power, Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Schools

  • Middle Or Junior School: Madison 321JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 13503.6
  • Zoning Description: General Zoning: Rx High Density Re,Specific Zoning: Rexburg-High Density Resid 1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6082

Multi Family

  • Number Of Units Total: 5
  • Total Actual Rent: 65670
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Kennedy 321EL
  • HighSchool: Madison 321HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2008
Sold by
Aspen Land Development Llc
Bought by
Jansen Jacob K
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Jansen Jacob K -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold -- -- --
09/20/2018 09/20/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $630,000 -- $103 / Sq Ft
Source: Snake River Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,311 $532,500 $134,600 $397,900
2024 $5,580 $532,500 $134,600 $397,900
2023 $5,580 $532,500 $134,600 $397,900
2022 $6,747 $532,500 $134,600 $397,900
2021 $6,313 $421,420 $134,600 $286,820
2020 $5,976 $421,420 $134,600 $286,820
2019 $7,135 $421,420 $134,600 $286,820
2018 $7,152 $421,420 $134,600 $286,820
2017 $6,082 $421,420 $134,600 $286,820
2016 $5,916 $347,610 $94,220 $253,390
2015 $5,135 $347,610 $0 $0
2013 -- $299,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2116629

Snake River Regional MLS

APN: RPR00SE0074331