Garden Apartments | 260 W 1700 S
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Garden Apartments 260 W 1700 S
27 Unit Block of Flats £3,181,168 (£117,821/Unit) 6.64% Net Initial Yield Clearfield, UT 84015
EXECUTIVE SUMMARY
Introducing Garden Apartments and Storage in rapidly growing Clearfield UT. This mixed use property is situated on 1.88 acres and features 27 apartment units as well as 45 storage units that are rented separately for additional income. With a diverse unit mix, and the close proximity to the Hill Airforce Base this property is easy to rent. 6.5%+ CAP Rate Potential (Broker Proforma), this property is well positioned for any investor looking to add a stable property to their portfolio.
PROPERTY FACTS
| Price | £3,181,168 | Building Class | C |
| Price Per Unit | £117,821 | Lot Size | 1.88 AC |
| Sale Type | Investment | Building Size | 18,083 SF |
| Net Initial Yield | 6.64% | Average Occupancy | 96% |
| No. Units | 27 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Mid Rise |
| Price | £3,181,168 |
| Price Per Unit | £117,821 |
| Sale Type | Investment |
| Net Initial Yield | 6.64% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 18,083 SF |
| Average Occupancy | 96% |
| Number of Floors | 2 |
| Year Built/Renovated | 1945/2020 |
| Parking Ratio | 1.49/1,000 SF |
UNIT AMENITIES
- Heating
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 17 | - | 316 |
| 1+1 | 5 | - | 480 |
| 3+1 | 1 | - | 500 |
| 4+2 | 1 | - | 1,600 |
| 2+1 | 3 | - | 833 |
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PROPERTY TAXES
| Parcel Number | 12-065-0156 | Improvements Assessment | £1,113,792 |
| Land Assessment | £591,671 | Total Assessment | £1,705,463 |
PROPERTY TAXES
Parcel Number
12-065-0156
Land Assessment
£591,671
Improvements Assessment
£1,113,792
Total Assessment
£1,705,463
ZONING
| Zoning Code | R-2 |
| R-2 |
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Garden Apartments | 260 W 1700 S
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