Private Address

Pending

Private Address

$6,795,000

$227.26 per sqft

Pending

92 Beds

46 Baths

29,900 sqft

Multi-family

Built in 2003

Here is an opportunity that you do not want to miss. Introducing The Sugar Apartments. This 46 unit complex was constructed in 2003. It sits on 1.35 acres and is very centrally located to Rexburg hot spots such as Porter Park, Hemming Village, and a 5 min walk from the BYU Idaho Campus. The complex being offered at a 5.2% Cap rate. It is fully stabilized with great financials and a $363,000 NOI. The complex offers 88 total parking stalls and ample green space areas. On site there are 21 storage units that are rented separate and offer a convenient option for tenants. There is also an option with the current lender to match the loan terms with a new buyer, which includes a 4.35% interest rate.

2165393

MLSⓇ ID

May 28, 2024

Listed

December 5, 2024

Updated

Map

Private Address

Interior Features

Bedrooms: 92
Total Bathrooms: 46
Full Bathrooms: 46
Appliances: Separate Water Heaters
Laundry Description: Laundry Included
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Electric, Natural Gas, Forced Air, Separate Heat

Exterior/Building Features

Lot Size: 1.59 Acres
Lot Features: Interstate Exit/Access, Near Park, Near Schools, Concrete Curbing, Established Lawn, Many Trees, Sprinkler-Auto
Roof: Architectural
Sewer: Public Sewer

School Information

High School: Madison 321HS
Elementary School: Kennedy 321EL

Other Property Details

Taxes: $39,356
Tax Frequency: Annually
Days on Market: 165
Garage: No
Parking Total: 88
View: No
County: Madison
Water Source: Public
Pool: No

Listing History

Date	Event	Price
11/9/2024	Pending	—
8/9/2024	Price change	$6,795,000 -3%

Courtesy of HomeSmart Premier Realty, Luke Bloxham,
Listing Contact: 208-510-0551

Based on information from Snake River Regional Multiple Listing Service as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated on 12/5/2024 at 10:40 PM UTC