Utilities: Natural Gas Connected, Electricity Connected, Sewer: Public, Water Connected
Address: 185 E 400
City: Spanish Fork
Neighborhood: Palt A Spanish Fork
Property Taxes: $23,428
NOI $465,717, 5.82% cap rate. Offered is a premium 36 unit multi-fam asset built in 2020, stabilized and ready to perform with low hassle and maintenance for years to come! Two story building with extra wide climate controlled interior hallways, common interior leisure area with historical elements to the old Rees School. Details and finishes that well exceed the standard for comparable properties. Abundant parking including 18 covered spaces and 18 detached garages, 84 total spaces plus on street. Fiber optic internet in each unit that's hardwired into all rooms. All utility room access is from common hall. Expansive courtyard style green space with pavilion. Smart camera system and smart eco friendly landscape irrigation. Property has a 81 walk score, two minutes from I15, shopping and restaurants. Floor drains in each laundry room. Extra revenue from garage units, covered parking, premium unit features, direct courtyard access and amenity fee. . Full financials and disclosures available upon qualified request. Please call with any questions. Property website is rees.apartments for additional info.
Courtesy of: Harward & Associates Real Estate Listing information provided courtesy of the Wasatch Front Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 21st September, 2021 5:44 PM