NOT LISTED FOR SALE

32 S 3rd W Unit 1-8 Rexburg, ID 83440

16 Beds
16 Baths
8,192 Sq Ft
0.93 Acres

Last Sold March 12, 2021

39 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Heating unit installed on the ceiling
  • Madison Senior High School Rated A-
  • Baseboard Heating
  • Level Lot

About This Home

As of March 2021

This is the perfect investment for the Rexburg market the Regal Court Apartments are for sale. There are two 4 plexes with this complex sold together. The units are all 1024 sq. ft. with 2 bedroom and 2 bathrooms and 1 car attached garages. They are larger than the normal 2 bed apartments, plus a master bathroom. These units are all brick exteriors with metal trim so the maintenance and utilities are cheap. There is a common courtyard and covered entrances for a clean easy way to enjoy living there. There 2 legal descriptions so they can be financed separately if you want to do 2 separate loans. The north 4 plex has additional land with it that is currently all grass. It could be more additional units or storage units for additional growth and income. The parking lots and drive ways were resurfaced with a new seal coat in 2019. They are fully rented and this can be an easy turn key investment for the right buyer. Rexburg is a HOT rental market and BYUI is only expecting more growth. These units are not BYUI approved for single students but any one else can rent these units. 1 block from Porter Park and 3 blocks from BYUI or Broulims. This is a handy location for renters. Qualified and interested buyers please contact me for details, maps, financials.

Last Agent to Sell the Property

Ted Whyte

Century 21 High Desert- Rexburg License #AB17366 Listed on: 12/10/2020

Century 21 High Desert- Rexburg

Last Buyer's Agent

Stephanie Laird

Edge Real Estate License #SP37656

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,527

Year Built

  • Built in 1978

Lot Details

  • 0.93 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 8 Car Garage
  • Open Parking

Home Design

  • 8,192 Sq Ft Home
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Kitchen

  • Oven
  • Stove

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Full Bathrooms

Laundry

  • Washer and Dryer Hookup

Location

  • Property is near a park
  • Property is near schools
  • Property is near a golf course

Schools

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

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Radiant Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Total Actual Rent $81,600
  • Tenant pays for cable TV, electricity, gas
  • The owner pays for common area maintenance, sewer, snow removal, insurance, trash collection, grounds care, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,527

Year Built

Built in 1978

Lot Details

0

Parking

8

Listing Details

  • Has Basement: None
  • Inclusions: 8 Stoves, 8 Fridges, 8 Dishwasher, 8 Stackable Washers And Dryers, 2 Microwaves.
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.93
  • Subdivision Name: None
  • Directions: On Main Street Rexburg turn south on 3rd West and go a couple hundred yards and turn right at the Catholic church, it sits behind the Catholic Church. Regal Court Apartments.
  • Above Grade Finished Sq Ft: 8192
  • New Construction: No
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Appliances: Separate Water Heaters, Refrigerator, Oven, Stove
  • Owner Pays: Common Area Maintenance, Sewer, Snow Removal, Insurance, Trash Collection, Grounds Care, Water
  • Full Bathrooms: 16
  • Total Bedrooms: 16
  • Living Area: 8192

Exterior Features

  • Exclusions: Personal Property.
  • Roof: Composition
  • View: None
  • Lot Features: Low Traffic, Near Park, Near University/College, Near Golf Course, Near Schools, Sprinkler System-Full, Established Lawn, Sprinkler-Auto, Level
  • View: No
  • Construction Type: Brick
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing-Partly Updated

Garage/Parking

  • Covered Parking Spaces: 8
  • Garage Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 18

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Laundry Included, Laundry Hookups
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Electric, Baseboard, Ceiling, Separate Heat
  • Electric: Separate Power Meters, Rocky Mountain Power
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • 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: 40510.8
  • Zoning Description: General Zoning: Rx Medium Density,Specific Zoning: Rexburg-Medium Density Resid 1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10527

Multi Family

  • Number Of Units Total: 8
  • Total Actual Rent: 81600
  • Above Grade Finished Area Units: Square Feet

MLS Schools

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold -- -- --
01/18/2021 01/18/21 Pending -- -- --
12/10/2020 12/10/20 For Sale $1,140,000 -- $139 / Sq Ft
Source: Snake River Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ted Whyte

    Seller's Agent in 2021

    Ted Whyte

    Century 21 High Desert- Rexburg

    (208) 351-9595

    88 Total Sales

    Ted Whyte
    Section Image
  • Stephanie Laird

    Buyer's Agent in 2021

    Stephanie Laird

    Edge Real Estate

    (208) 390-3796

    112 Total Sales

    Stephanie Laird
    Section Image
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Map

Source: Snake River Regional MLS

MLS Number: 2133700

Snake River Regional MLS

Idaho Madison County Rexburg 83440

32 S 3rd W Unit 1-8, Rexburg, ID

This home is located at 32 S 3rd W Unit 1-8, Rexburg, ID 83440 since 10 December 2020. This property was built in 1978. 32 S 3rd W Unit 1-8 is a home located in Madison County with nearby schools including Hibbard Elementary School, Madison Junior High School, and Madison Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Snake River Regional MLS Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.

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