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509 S 5th W 8 Unit Apartment Building $2,387,420 CAD ($298,428 CAD/Unit) Rexburg, ID 83440
Investment Highlights
- Close proximity to BYU
Executive Summary
1.25 of Prime HDR1 land for sale just s few blocks from BYUI. Amenities include water, sewer gas, power, phone, cable and optix internet. Existing rental properties on site now. Easy access to US 20.
According to city you can build a total of 35 units on this acreage, the sellers are working on changing zoning to HDR-2 to allow 52 units on the property!
The income and possibilities are amazing. This is one of the largest lots available in this close to the university. Great location for a new project.
According to city you can build a total of 35 units on this acreage, the sellers are working on changing zoning to HDR-2 to allow 52 units on the property!
The income and possibilities are amazing. This is one of the largest lots available in this close to the university. Great location for a new project.
Property Facts
| Price | $2,387,420 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $298,428 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.28 AC |
| No. Units | 8 | Building Size | 8,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1950 |
| Zoning | HDR1 - High Density-Residential | ||
| Price | $2,387,420 CAD |
| Price Per Unit | $298,428 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 8,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | HDR1 - High Density-Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | - | 2,718 |
| 2+1 | 3 | $1,160 CAD | 800 |
| 1+1 | 4 | $954.97 CAD | 800 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $902,092 CAD | |
| Land Assessment | $207,856 CAD | Total Assessment | $1,109,948 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$207,856 CAD
Improvements Assessment
$902,092 CAD
Total Assessment
$1,109,948 CAD
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509 S 5th W
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