The Sugar Apartments

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Address: 347 S 4th W, Rexburg, ID 83440, USA
Created date: June 20, 2024
Date last updated: June 20, 2024

Property Description

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $7,000,000
No. of Units: 46
Year Built: 2003
Lot Size: 29,900.00 Sq ft
Opportunity Zone: No
Price per unit: $152,174
Property Website Click Here
Number of Bedrooms: 92
Number of Bathrooms: 46
Address: 347 S 4th W, REXBURG, ID 83442, USA
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