Outstanding location! No student dormitory housing allowed this side of Second West.This property was recently re-zoned as two long narrow lots to allow building a TWIN HOME where each unit can be owned separately. Each lot is approximately 33' x 200'. The existing cinder block two car garage is included with the property. The lot line extends to about 20 feet behind the large tree at the back of the property. In the picture there is a pickup truck that is parked on the northern edge of the lots.
Almost impossible to acquire, this property has been in the same family for about 70 years. Two blocks from BYU-Idaho, One block from down town and just five blocks from the LDS Temple. Best of all this area gets as little wind as anywhere in Rexburg! Residential locations this close to a university are always desirable and retain a high relative value. In my opinion his neighborhood is destined to undergo a significant upgrade as the next generation of owners remodels and improves the existing homes. Several developers are in negotiations for the other vacant property on this block. This is a rare opportunity to purchase a piece of property adjacent to what is to become an nice upscale development.
EACH LOT IS AVAILABLE FOR $34,000. I will subordinate to a qualified builder. The closest comparable lots available in a traditional neighborhood in Rexburg are in Founders Square where lots begin at $55,000 ... see: http://www.rexburgfounderssquare.com/index.html The lots listed here are closer to downtown, closer to the university, and are more protected from the harsh Rexburg winter wind.
The following pictures show one possible elevation and floor plan ...
PHONE Ralph at 208 757-9767, please talk to me about your creative ideas for this property.
PLOT PLAN
