Positioned just 3 blocks from BYU-Idaho, At Home Apartments presents an opportunity to acquire a 60-unit multifamily asset in the established Rexburg rental market. Built in 2013, the property consists of three 3-story buildings on approximately 1.7 acres, offering an established rental operation with potential to enhance future performance. The community features 42 furnished one-bedroom, one-bathroom units and 18 two-bedroom, one-bathroom units, all with 12-month leases. Amenities include radiant hydronic floor heating, window air conditioning, private balconies and patios, covered breezeways, on-site laundry, bicycle storage, and 99 surface parking spaces. A central courtyard layout and convenient access to BYU-Idaho, downtown Rexburg, dining, shopping, and everyday services further support the property's rental appeal. With in-place rents below market medians, At Home Apartments offers investors potential for revenue growth through strategic rent adjustments as leases renew. Current occupancy, net operating income, & rental upside information are available upon request. Combining an established multifamily asset, a strong university-adjacent location, and identifiable value-add potential, the property warrants consideration for investors seeking to expand their portfolio.
| MLS # | 2189803 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2013 |
| Days On Site | 12 |
| Listing Provided By | Keller Williams Realty East Idaho | Ryan Lerwill |
| Bed(s) | 78 |
|---|---|
| Bath(s) | 60 Total |
| SQ Feet | 31,650 |
| Units | 60 |
| Zoning | General Zoning: Rx-Hgh Den Resi |
| Acreage | 1.70 |
| Property | 52048 |
|---|
| State | ID |
|---|---|
| County | Madison |
| City | Rexburg |
| Zip Code | 83440 |
| Community Name | Klingler Mad |
| School District | Madison 321HS |
| Elementary School | Adams 321EL |
| High School | Madison 321HS |
| Listing VS Median (in Klingler Mad) | |
Price: $8,690,000 low | high Med: $650,000 sqft: 31,650 low | high Med: 2,878 $ / sqft: $275 low | high Med: $226 On site: 12 low | high Med: 39 | |
| State | ID |
|---|---|
| County | Madison |
| City | Rexburg |
| Zip Code | 83440 |
| Community Name | Klingler Mad |
| School District | Madison 321HS |
| Elementary School | Adams 321EL |
| High School | Madison 321HS |
| Listing VS Median (in Klingler Mad) | |
Price: $8,690,000 low | high Med: $650,000 sqft: 31,650 low | high Med: 2,878 $ / sqft: $275 low | high Med: $226 On site: 12 low | high Med: 39 | |