Payson 16 Unit Fourplex | 388 W 650 N
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Payson 16 Unit Fourplex 388 W 650 N
16 Unit Block of Flats For Sale Payson, UT 84651
Investment Highlights
- Modern Construction, Built in 2021
- 16 Units, With Two (2) Beds and Two (2) Baths
- Traffic Count: 57,569 cars/day
- Approximately 17,536 SF of Gross Leasable Area
- Great Freeway Visibility and Easy Access to I-15
- Strong Rental Demand with High Occupancy Rates
Executive Summary
INVESTMENT OPPORTUNITY:
Located at 349 W 625 N, #17-20, in Payson, Utah, this 16-unit apartment complex offers modern living in a rapidly growing area. Built in 2021, the property provides a low-management investment opportunity, thanks to the inclusion of an HOA that handles essential property upkeep. With proximity to local amenities and strong rental demand, this property is poised to attract both tenants and investors seeking stability and growth potential.
Located at 349 W 625 N, #17-20, in Payson, Utah, this 16-unit apartment complex offers modern living in a rapidly growing area. Built in 2021, the property provides a low-management investment opportunity, thanks to the inclusion of an HOA that handles essential property upkeep. With proximity to local amenities and strong rental demand, this property is poised to attract both tenants and investors seeking stability and growth potential.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Class | B |
| Sale Conditions | Portfolio Sale | Lot Size | 0.18 AC |
| No. Units | 16 | Building Size | 102,335 SF |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Mid Rise | Parking Ratio | 0.46/1,000 SF |
| Sale Type | Investment |
| Sale Conditions | Portfolio Sale |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 102,335 SF |
| Number of Floors | 4 |
| Year Built | 2021 |
| Parking Ratio | 0.46/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Security System
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Deck
- Double Pane Windows
- Family Room
- Freezer
- Pantry
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Business Centre
- Clubhouse
- Fitness Centre
- Picnic Area
- Playground
- Pool
- Security System
- Tenant Controlled HVAC
- Pet Play Area
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 16 | - | 1,108 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | £163,973 (2024) | |
| Land Assessment | £0 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£163,973 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | MF |
| MF |
Contacts
-
Jeffery Sorenson -
Kris Mortensen -
Taylor Ogden -
Danny Sander -
Tupu Folau -
Mountain West Commercial
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Payson 16 Unit Fourplex | 388 W 650 N
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