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649 S 2nd W
Rexburg, ID 83440
University View Rexburg · Multifamily Property For Sale · 150 Units
PROPERTY FACTS
| No. Units | 150 | Lot Size | 5.08 AC |
| Property Type | Multifamily | Building Size | 298,651 SF |
| Property Subtype | Apartment | Average Occupancy | 60% |
| Apartment Style | Mid Rise | No. Stories | 4 |
| Building Class | A | Year Built | 2012 |
| No. Units | 150 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 5.08 AC |
| Building Size | 298,651 SF |
| Average Occupancy | 60% |
| No. Stories | 4 |
| Year Built | 2012 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Pantry
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Furnished Units Available
- Gameroom
- Package Service
- Shuttle to Train
- Trash Pickup - Door to Door
- Individual Locking Bedrooms
- Roommate Matching
- Shuttle To Campus
- Study Lounge
About 649 S 2nd W , Rexburg, ID 83440
We are pleased to offer The Ivy Apartments, a pride-of-ownership 150-unit student housing project at Brigham Young University-Idaho in Rexburg, Idaho. The Ivy is a premier student housing property approved for men & women with 900 Beds that is ideally located just a block from the campus of BYU-Idaho. Due to the property’s location, quality and amenities The Ivy has lease-up timeframes that regularly outperform the market. The property is currently 100% occupied for summer 2018 and 100% preleased for the fall 2018 semester. Built in 2012, all units at The Ivy are fully furnished and include some of the most spacious rooms in the market. Every unit comes with a full washer & dryer, and private bathrooms for every bedroom. The amenities at The Ivy, such as contemporary interiors, common areas equipped with TV & entertainment rooms, game area, study and plenty of parking, provide a strong leasing and tenant retention advantage over other properties in Rexburg. Apartment units at The Ivy, and throughout the Rexburg student rental market, are leased by the bed. This makes it possible for the owner to increase rents more quickly in a market in which rents are rising. With a projected student housing shortage at BYU-Idaho, due to an increased cap on university enrollment, The Ivy is perfectly situated, both in location and property type, to lead the market in leasing and NOI for years to come.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 152 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | RPRXBCA0306631 | Improvements Assessment | $16,034,300 |
| Land Assessment | $4,055,200 | Total Assessment | $20,089,500 |
PROPERTY TAXES
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