Bountiful Place Apartments

345 West 5th South , Rexburg, ID 83440

  • 27,296 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

Bountiful Place is located in Rexburg, Idaho located in the SouthEastern part of Idaho. The city’s population is currently about 28,000 and has experienced a 6.0% increase since 2000. The city is home to Brigham Young University-Idaho, a private institution operated by The Church of Jesus Christ of Latter Day Saints. BYU-Idaho currently has an enrollment of approximately 18,000 students every semester with a focus on undergraduate education. The University is the largest private university in Idaho and provides over 25 associate degrees and more than 100 bachelor’s degree programs using a three-semester track system. there are three, 14-week semesters: Fall, Winter, and Spring. Each student accepted is admitted to a track comprised of two semesters. Location is the #1 determinant of long-term success in student housing. Rather than measuring distances in miles, well-located student housing is measured in terms of feet from campus. Bountiful Place is located only two short blocks from BYU-Idaho. It also experiences high-demand as men's housing due to its location surrounded by prominent women's only housing. CBC Advisors is pleased to offer for sale Bountiful Place Apartments, a popular 27-unit contracted student housing project at Brigham Young University - Idaho in Rexburg, Idaho. Bountiful Place is a recently-built student housing project for men with 148 Beds that is ideally located just 2 blocks from the campus of BYU-Idaho. Apartment units at Bountiful Place, 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. Bountiful Place Apartments approved for 148 leases. With a projected men's housing shortage at the University as soon as this coming Winter 2018 semester, due to an increased cap on university enrollment, Bountiful Place is well-situated to be fully occupied for many years to come.

Price: $4,710,000.00

Lot Size: 58,936.68 Square Feet

Building Size: 27296 Square Feet

Area Available: 27,296 Square Feet

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