148 Harvard Ave, Rexburg, ID 83440

This listing is for The Gathering Place, two multifamily homes adjacent to one another and a heated shop (148 and 158 Harvard Ave). The property includes: 1) 2014, fully furnished, multi-family home with granite countertops throughout, superior finishings, a stone facade in front and back, a sauna, a swim spa, and a livable loft. The upstairs unit is 5 BR/3 BA, and is fully handicap accessible, and the basement apartment is 2 BR/1 BA, and 2) 1979 multi-family home with an elevator. The upstairs unit is 3 BR/2 BA, has a fireplace, and new flooring in the kitchen and dining area, and the lower unit is a large 2 BR/1BA that was recently remodeled and has a fully separate entrance. 3) Heated shop with 3 separate bays. The property is currently under review to change zoning to allow renting to singles and to convert one of the shop bays into a loft apartment. The newer home operates as an approved, profitable B&B in the spring and summer months, and we are highly rated as Airbnb Superhosts. Both units rent well to long-term renters in the fall and winter. The units in the older home are currently leased to outstanding long-term renters who care beautifully for the yard and the home. This property is within a 5-min walk of BYU-Idaho and Madison Hospital. All units combined have 7 garage spaces, 2 carport spaces, and 9 driveway spaces for parking. The homes can also be accessed from the front on Harvard Ave., and from the back on 2nd East.. If you are an investor seeking a unique 4-unit property with potential to add an additional apartment once the conversion is approved, this home is an incredible opportunity. If you are also looking to move your family into one of the homes and have much of your mortgage covered through rent, this can also be an outstanding opportunity. I can share financials with serious buyers. This has been a good business for our family, and we are looking to downsize as our children grow older. (NOTE: Rooms and square footage calculations in this listing are for148 Harvard Ave only; the price per square foot does not include any of the rooms or square footage of 158 Harvard Ave.).