332 S 4th W - Apartments FOR SALE


Rexburg, ID 83440
$7,995,000 USD
435-627-5720
332 S 4th W, Rexburg, ID for Sale
$7,995,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

332 S 4th W
Rexburg, ID 83440


HIGHLIGHTS

  • Prime 60-Unit Multifamily Investment just three blocks from BYU–Idaho
  • Exceptionally well-maintained property with a proven record of strong occupancy and performance
  • Desirable unit mix: 18 two-bedroom/one-bath and 42 one-bedroom/one-bath units

OVERVIEW

Prime 60-Unit Multifamily Investment just three blocks from BYU–Idaho Exceptionally well-maintained property with a proven record of strong occupancy and performance Desirable unit mix: 18 two-bedroom/one-bath and 42 one-bedroom/one-bath units Value-add opportunity through rent and reimbursement adjustments to align with current market rates Strong financials: $650K gross income and approximately $454K NOI (T12) Projected NOI nearing $500K, offering a cap rate above 6% (inclusive of management fees) Stable, high-performing asset in the heart of Rexburg’s thriving rental market

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

60

PRICE/UNIT

$133,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

60-Unit Multifamily Near BYU–Idaho

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2013

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,743 SF

ZONING

HDR2

APN/PARCEL ID

RPR00SE0120011

ASK ABOUT THIS PROPERTY

Neil WalterNAI ExcelMore Info
435-627-5720

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Neil WalterNAI ExcelMore Info
435-627-5720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.