332 S 4th W, Rexburg, ID 83440
- $8,690,000
- 78
- BD
- 60
- BA
- 31,650
- SqFt
- List Price
- $8,690,000
- Status
- ACTIVE
- MLS#
- 2189803
- Subtype
- Residential Income
- Year Built
- 2013
- Bedrooms
- 78
- Bathrooms
- 60
- Full Baths
- 60
- Living Area
- 31,650
- Lot Size
- 74,052
- Price Per Sqft
- $274
- Acres
- 1.70
- Subdivision
- Klingler-Mad
Property Description
Positioned just 3 blocks from BYU-Idaho, At Home Apartments presents an opportunity to acquire a 60-unit multifamily asset in the established Rexburg rental market. Built in 2013, the property consists of three 3-story buildings on approximately 1.7 acres, offering an established rental operation with potential to enhance future performance. The community features 42 furnished one-bedroom, one-bathroom units and 18 two-bedroom, one-bathroom units, all with 12-month leases. Amenities include radiant hydronic floor heating, window air conditioning, private balconies and patios, covered breezeways, on-site laundry, bicycle storage, and 99 surface parking spaces. A central courtyard layout and convenient access to BYU-Idaho, downtown Rexburg, dining, shopping, and everyday services further support the property's rental appeal. With in-place rents below market medians, At Home Apartments offers investors potential for revenue growth through strategic rent adjustments as leases renew. Current occupancy, net operating income, & rental upside information are available upon request. Combining an established multifamily asset, a strong university-adjacent location, and identifiable value-add potential, the property warrants consideration for investors seeking to expand their portfolio.
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Additional Information
- Exterior Features
- Lighting
- Taxes
- $52,048
- Appliances
- Dishwasher, Refrigerator, Oven, Stove
- Heating
- Radiant
- Air Conditioning
- Window/Wall
- Roof
- Composition
- Foundation
- Slab
- Parking Features
- Off Street
- Garage
- Off Street
- Elementary School
- Adams 321EL
- Middle School
- Madison 321JH
- High School
- Madison 321HS
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Listing courtesy of Keller Williams Realty East Idaho.