42 E 300 S

    Spanish Fork, UT 84660
    • $1,850,000
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: 1624371
    UPDATED: 60 min ago
    $1,850,000
    • 22
      BEDS
    • 0.79
      ACRES
    • 17
      BATHS
    • 0
      1/2 BATHS
    • 11,705
      SQFT
    • $158
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Price reduced! 6.64% CAP rate, 93.75% occupancy. This 16 unit apartment complex provides great cash flow and low vacancy. There is a high demand for apartments this size in the area. Owner has been selective with tenants to place the most quality tenants possible. The buildings have been constructed with low maintenance materials. Some of the units have been remodeled, and there is a great value add opportunity to remodel the remaining units. Includes parcel 07:008:0015. See attached proforma and rent roll.

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2019-11-21T16:36:45.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.redsign.com/homes/98051682

    42 E 300 S Spanish Fork, UT 84660

    • Price: $1,850,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 1624371
    22
    Beds
    17
    Baths
    0
    ½ Baths
    0.79
    Acres
    11,705
    SQFT
    $158
    $/SQFT
    1920
    Built
    Neighborhood:
    Canyon Cottage Apt.
    County:
    Utah
    Area:
    Sp Fork; Mapleton; Benjamin
    Elementary School:
    Park
    Middle School:
    Spanish Fork Jr
    High School:
    Spanish Fork
    School District:
    Nebo
    Property Description
    Price reduced! 6.64% CAP rate, 93.75% occupancy. This 16 unit apartment complex provides great cash flow and low vacancy. There is a high demand for apartments this size in the area. Owner has been selective with tenants to place the most quality tenants possible. The buildings have been constructed with low maintenance materials. Some of the units have been remodeled, and there is a great value add opportunity to remodel the remaining units. Includes parcel 07:008:0015. See attached proforma and rent roll.
    Exterior Features

    Driveway Asphalt Frontage Facing N Landscaping Landscaping: Full Length In Feet Of Back Of Property 0.0 Length In Feet Of Front Of Property 0.0 Length In Feet Of Side Of Property 0.0 Parking Capacity 20 Style Other/See Remarks

    Property Features

    Additional Information Joint Gas MetersJoint Power Meters Community Pool No Gross Operating 175327 Gross Scheduled 181986 Hoa No Hoa Fee 0 Multifamily Property Type > 4 Units Owner Type Property Owner Pool No School Other American Leadership Academy Spa No Taxes 4866 Terms CashConventional Water CulinaryIrrigation: Pressure Water Shares 0.00 Yearly Occupancy 97

    Listing provided courtesy of Ameritrue Real Estate & Management Pllc. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2019-11-21T16:36:45.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
    Keller Williams Westfield Real Estate
    ,