10 College Avenue
Property Description
Fully leased downtown Rexburg mixed-use investment property generating approximately $60,000 in annualized gross income under current leases, per seller, with potential for future rent growth as leases allow. Features three commercial storefronts and four upstairs one-bedroom, one-bath apartments near BYU-Idaho, shopping, dining, and downtown amenities. Apartments vary in size and layout, with vaulted ceilings in most units. Select apartments have been recently repainted and remodeled. Shared coin-operated washer and dryer provide convenience and supplemental income. Roofing work completed approximately 3-4 years ago, per seller. Additional basement space offers storage options. Seller reports a consistent rental history throughout several years of ownership. Rent roll and financial information available upon request. Please do not disturb tenants; showings by appointment. Some photos are Ai to declutter some of the rooms.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $825,000 |
| No. of Units: | 7 |
| Year Built: | 1920 |
| Lot Size: | 8,820.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $117,857 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 6 |
ID: 3yd-SNRMLSID-2190196
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