710 50 East
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710 50 East
8 Unit Block of Flats £1,643,145 (£205,393/Unit) 5.60% Net Initial Yield Mount Pleasant, UT 84647
Investment Highlights
- Conveniently located close to Park and Schools.
Executive Summary
Prime investment Property! This is 2 4 plexes plus an additional 1/2 acre that is zoned R-3 (multi family). Each unit has 3 bedrooms, 2 baths. The upper units have a porch and the lower units have a patio in the back. This property is located within walking distance ( less than 4 blocks) of the High School, Elementary, City Park, Grocery Store/ Pharmacy, Dentist Office, Hospital, Bank and a couple of Eating Establishments. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£92,094
|
£9.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£92,094
|
£9.36
|
| Taxes |
£4,714
|
£0.48
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£4,714
|
£0.48
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £92,094 |
| Annual Per SF | £9.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £92,094 |
| Annual Per SF | £9.36 |
| Taxes | |
|---|---|
| Annual | £4,714 |
| Annual Per SF | £0.48 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £4,714 |
| Annual Per SF | £0.48 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £1,643,145 | Apartment Style | Mid Rise |
| Price Per Unit | £205,393 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Net Initial Yield | 5.60% | Building Size | 9,840 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 2007 |
| Property Subtype | Apartment |
| Price | £1,643,145 |
| Price Per Unit | £205,393 |
| Sale Type | Investment |
| Net Initial Yield | 5.60% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 9,840 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 2007 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Refrigerator
- Tub/Shower
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 8 | £899.82 | 1,230 |
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PROPERTY TAXES
| Parcel Number | 33487 | Total Assessment | £12,748 |
| Land Assessment | £0 | Annual Taxes | £4,714 (£0.48/sf) |
| Improvements Assessment | £0 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
33487
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£12,748
Annual Taxes
£4,714 (£0.48/sf)
Tax Year
2023
zoning
| Zoning Code | R3 (R3 Zoning) |
| R3 (R3 Zoning) |
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Aspen Leaf Realty
710 50 East
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