397 Thomson Farms Rd | Rexburg, ID 83440
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- LoopNet Team
397 Thomson Farms Rd
Rexburg, ID 83440
Thomson Farms · Multifamily Property For Sale
·
190 Units
INVESTMENT HIGHLIGHTS
- Introducing Thomson Farms, a 55-acre mixed use development of low, medium and high-density housing paired with a grocery anchored shopping center.
- Future phases include single family residential lots, townhomes, and retail development on an additional 47.13 acres of land.
- Thomson Farms presents the opportunity for a buyer to acquire immediate scale with 190 cash-flowing units in the rapidly growing community of Rexburg.
- Approved as a Planned Unit Development (PUD) in 2017, Phases 1 and 2 of the apartment complex were completed in 2020 and are now stabilized.
- Strategically positioned site is fully served with municipal utilities & has a prime location along State Hwy 33 situated between BYU-Idaho & Walmart.
- Additionally, with future value-add through the completion of complimentary uses in the full development.
PROPERTY FACTS
| No. Units | 190 | Lot Size | 55.29 AC |
| Property Type | Multifamily | Building Size | 500,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2020 |
| Building Class | A | ||
| Zoning | MDR1 | ||
| No. Units | 190 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 55.29 AC |
| Building Size | 500,000 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | MDR1 |
AMENITIES
UNIT AMENITIES
- Balcony
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Playground
- Pool
- Property Manager on Site
- Spa
- Wi-Fi
- Storage Space
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | 464 |
| 1+1 | 57 | - | 618 - 709 |
| 2+1 | 38 | - | 846 |
| 2+2 | 57 | - | 964 |
| 3+2 | 19 | - | 1,143 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $21,030,665 | |
| Land Assessment | $1,635,841 | Total Assessment | $22,666,506 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,635,841
Improvements Assessment
$21,030,665
Total Assessment
$22,666,506
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