Save to Favorites
 Print
 Share
PRICE $6,795,000
BEDS 92
BATHS 46
HOME SIZE 29,900 sqft
LOT SIZE 1.59 ac
Request More Info Schedule a Showing
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.

DAYS ON MARKET 114 LAST UPDATED 8/9/2024
TRACT NONE YEAR BUILT 2003
COUNTY Madison STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School KENNEDY 321EL
Jr. High School MADISON 321JH
High School MADISON 321HS

PRICE HISTORY
Prior to Aug 9, '24 $7,000,000
Aug 9, '24 - Today $6,795,000


ADDITIONAL DETAILS
CONSTRUCTION Vinyl Siding
HEAT Electric, Forced Air, Natural Gas
LOT 1.59 acre(s)
SEWER Public Sewer
SUBDIVISION NONE
TAXES 39356
WATER Public
ZONING REXBURG-HIGH DENSITY RESID 1



 
CONTACT US
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Silvercreek Realty Group to contact you even if your name is on a Federal or State "Do not call List".
Listed with HomeSmart Premier Realty

All listings displayed pursuant to IDX shall show IMLS as the source of the information by using the approved MLS icon. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.

IMLS IDX

This IDX solution is (c) Diverse Solutions 2024.