The Yard 18-plex Modern Apartments | 1125 W 250 S
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The Yard 18-plex Modern Apartments 1125 W 250 S
18 Unit Block of Flats £4,616,455 (£256,470/Unit) 4.44% Net Initial Yield American Fork, UT 84003
Investment Highlights
- Rare Investment Opportunity: Stabilized new 18-unit apartment building in American Fork,
- Prime Location: Walking distance to American Fork TRAX station; quick access to I-15, shopping, restaurants, and entertainment.
- Anticipated rent increases: Current Rents are below market with anticipated increases.
- Built in 2024: Modern, 3-story design with on-site management.
- Amenities: Clubhouse, pool, hot tub, gym (currently under construction).
Executive Summary
Owner prefers to close after 01/01/2025, however Owner would consider December closing with a strong offer.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£273,466
|
£15.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£8,212
|
£0.46
|
| Effective Gross Income |
£265,254
|
£14.76
|
| Taxes |
£3,756
|
£0.21
|
| Operating Expenses |
£56,537
|
£3.15
|
| Total Expenses |
£60,292
|
£3.36
|
| Net Operating Income |
£204,962
|
£11.41
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £273,466 |
| Annual Per SF | £15.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £8,212 |
| Annual Per SF | £0.46 |
| Effective Gross Income | |
|---|---|
| Annual | £265,254 |
| Annual Per SF | £14.76 |
| Taxes | |
|---|---|
| Annual | £3,756 |
| Annual Per SF | £0.21 |
| Operating Expenses | |
|---|---|
| Annual | £56,537 |
| Annual Per SF | £3.15 |
| Total Expenses | |
|---|---|
| Annual | £60,292 |
| Annual Per SF | £3.36 |
| Net Operating Income | |
|---|---|
| Annual | £204,962 |
| Annual Per SF | £11.41 |
Property Facts
| Price | £4,616,455 | Apartment Style | Low Rise |
| Price Per Unit | £256,470 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Net Initial Yield | 4.44% | Building Size | 17,967 SF |
| No. Units | 18 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | £4,616,455 |
| Price Per Unit | £256,470 |
| Sale Type | Investment |
| Net Initial Yield | 4.44% |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 17,967 SF |
| Number of Floors | 3 |
| Year Built | 2024 |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Family Room
- Instant Hot Water
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Centre
- Pool
- Spa
- Community-Wide Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | £1,103 | 795 - 813 |
| 2+2 | 9 | £1,277 | 1,020 - 1,039 |
| 3+2 | 3 | £1,610 | 1,300 - 1,323 |
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PROPERTY TAXES
| Parcel Number | 56-040-0003 | Total Assessment | £1,108,145 |
| Land Assessment | £0 | Annual Taxes | £3,756 (£0.21/sf) |
| Improvements Assessment | £0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
56-040-0003
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,108,145
Annual Taxes
£3,756 (£0.21/sf)
Tax Year
2024
zoning
| Zoning Code | MF (Multifamily) |
| MF (Multifamily) |
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The Yard 18-plex Modern Apartments | 1125 W 250 S
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