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PRICE REDUCTION!!!! This property is currently being used as a multi-family investment property. At this new list price and with recent adjustments to monthly rents, this property has a CAP RATE OF 7.4%, which is excellent by Rexburg standards! Great investment property in the heart of Rexburg. Just blocks from the University, Porter Park and Main Street. Triplex has a solid rental history with low vacancy, but is not BYUI approved single student housing. Lots of potential, the main floor is a three bedroom/two bath unit, basement has four bedrooms and one bath, and converted garage is a cozy two bedroom/one bath unit. Units are rented with each tenant occupying a private room. Laundry is available to upper and lower units. Street access is from 2nd S, garage unit has access from 4th W, both are established easements. Roof was replaced in 2014.
| DAYS ON MARKET | 40 | LAST UPDATED | 1/19/2021 |
|---|---|---|---|
| TRACT | SOUTHEND ADDITION-MAD | YEAR BUILT | 1980 |
| COMMUNITY | Madison | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | KENNEDY 321EL |
|---|---|
| Jr. High School | MADISON 321JH |
| High School | MADISON 321HS |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Range/Oven-Electric, Refrigerator |
| AREA | Madison |
| BASEMENT | Egress Windows, Exterior Entrance, Finished, Full, Yes |
| CONSTRUCTION | Brick |
| FIREPLACE | Yes |
| GARAGE | None |
| HEAT | Forced Air, Gas |
| INTERIOR | Ceiling Fan(s) |
| LOT | 0.276 acre(s) |
| MASTER ON MAIN | Yes |
| SEWER | Public Sewer |
| STYLE | 1 Level |
| SUBDIVISION | SOUTHEND ADDITION-MAD |
| WATER | Public |
| ZONING | REXBURG-HIGH DENSITY RESID 1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Silvercreek Realty Group
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This IDX solution is (c) Diverse Solutions 2021.