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60-Unit Multifamily Near BYU–Idaho 332 S 4th W 60 Unit Apartment Building $7,995,000 ($133,250/Unit) Rexburg, ID 83440
INVESTMENT HIGHLIGHTS
- Prime 60-Unit Multifamily Investment just three blocks from BYU–Idaho
- Desirable unit mix: 18 two-bedroom/one-bath and 42 one-bedroom/one-bath units
- Exceptionally well-maintained property with a proven record of strong occupancy and performance
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
| Price | $7,995,000 | Building Class | C |
| Price Per Unit | $133,250 | Lot Size | 1.62 AC |
| Sale Type | Investment | Building Size | 40,000 SF |
| No. Units | 60 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2013 |
| Apartment Style | Low-Rise | ||
| Zoning | HDR2 | ||
| Price | $7,995,000 |
| Price Per Unit | $133,250 |
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2013 |
| Zoning | HDR2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | 490 |
| 2+1 | 30 | - | 625 |
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PROPERTY TAXES
| Parcel Number | RPR00SE0120011 | Improvements Assessment | $4,843,230 |
| Land Assessment | $325,800 | Total Assessment | $5,169,030 |
PROPERTY TAXES
Parcel Number
RPR00SE0120011
Land Assessment
$325,800
Improvements Assessment
$4,843,230
Total Assessment
$5,169,030
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60-Unit Multifamily Near BYU–Idaho | 332 S 4th W
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