Lot Size (Apx SqFt):
76230
Zoning-General:
RX MEDIUM DENSITY
Zoning-Specific:
REXBURG-MEDIUM DENSITY RESID 1
Public Info:
This is a a sweet investment opportunity. MUST be a owner carry!! Great terms. 100K down and the balance at 5% amortized over 20 years with a balloon at the end of 10 years. Current commercial rate is 7.5%. Currently zoned medium density but borders high density so should be a easy zone change if wanted. This is currently set up as a 10 lot subdivision and they lease them out for the trailers spots that are on there. These are not your small trailer park lots these lots are between .098 and .173 acre lots pretty much the same size lots as Founder Square up on the hill. The tenants pay for their own water garbage and sewer. Lot rents should be $500 plus a month but currently the owners have them at only $300 a month just being nice. I have the acreage as the whole at 1.75 acre cause if someone wanted the city could be approached to abandoned the road where it is a cul-de-sac. Get your mind workin on the possibilities that this has. Give us a call.
Agent Compensation:
3
Dual/Var Rate:
No
Min Commission:
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