370 W 400 N
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370 W 400 N
10 Unit Block of Flats £1,921,804 (£192,180/Unit) 5.18% Net Initial Yield Provo, UT 84601
Investment Highlights
- Turnkey Property
- Above Average Rental Rates
- Central Heating & Cooling
- Great Location Near Central Business District & BYU
- Very Well-Maintained Units
- Plenty of Parking
Executive Summary
370 W 400 N is a well-maintained, turnkey 10-unit multifamily property, built in 1974. It consists of all 2BD/1BA units that are approximately 890 SF. This property offers an excellent opportunity for investors seeking a stable, income-generating asset with a strong history of upkeep and tenant demand.
The property was appraised at $2,450,000 on June 25, 2023. The current asking price reflects a 5.18% cap rate, offering investors a strong return on investment with a well-maintained, high-demand asset.
The property was appraised at $2,450,000 on June 25, 2023. The current asking price reflects a 5.18% cap rate, offering investors a strong return on investment with a well-maintained, high-demand asset.
Property Facts
| Price | £1,921,804 | Apartment Style | Low Rise |
| Price Per Unit | £192,180 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Net Initial Yield | 5.18% | Building Size | 8,894 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 1974 |
| Price | £1,921,804 |
| Price Per Unit | £192,180 |
| Sale Type | Investment |
| Net Initial Yield | 5.18% |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 8,894 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1974 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 890 |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 04-108-0006 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £644,248 |
PROPERTY TAXES
Parcel Number
04-108-0006
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£644,248
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Cushman & Wakefield
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370 W 400 N
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