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865 E 100 N

8 Unit Block of Flats £1,064,132 (£133,017/Unit) 6.26% Net Initial Yield Payson, UT 84651

Executive Summary

Prime investment opportunity.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £76,054 £11.69
Other Income £939 £0.14
Vacancy Loss £939 £0.14
Effective Gross Income £76,054 £11.69
Taxes £3,599 £0.55
Operating Expenses £5,868 £0.90
Total Expenses £9,468 £1.46
Net Operating Income £66,586 £10.24

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £76,054
Annual Per SF £11.69
Other Income
Annual £939
Annual Per SF £0.14
Vacancy Loss
Annual £939
Annual Per SF £0.14
Effective Gross Income
Annual £76,054
Annual Per SF £11.69
Taxes
Annual £3,599
Annual Per SF £0.55
Operating Expenses
Annual £5,868
Annual Per SF £0.90
Total Expenses
Annual £9,468
Annual Per SF £1.46
Net Operating Income
Annual £66,586
Annual Per SF £10.24

Property Facts

Price £1,064,132 Apartment Style Low Rise
Price Per Unit £133,017 Building Class C
Sale Type Investment Lot Size 0.29 AC
Net Initial Yield 6.26% Building Size 6,504 SF
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
 Average Occupancy 100%
No. Units 8 Number of Floors 1
Property Type Residential Year Built 1981
Property Subtype Apartment Parking Ratio 2.31/1,000 SF
Price £1,064,132
Price Per Unit £133,017
Sale Type Investment
Net Initial Yield 6.26%
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.29 AC
Building Size 6,504 SF
Average Occupancy 100%
Number of Floors 1
Year Built 1981
Parking Ratio 2.31/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 8 £645.52 813
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PROPERTY TAXES

Parcel Number 08-152-0002 Total Assessment £399,406
Land Assessment £0 Annual Taxes £3,599 (£0.55/sf)
Improvements Assessment £0 Tax Year 2024

PROPERTY TAXES

Parcel Number
08-152-0002
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£399,406
Annual Taxes
£3,599 (£0.55/sf)
Tax Year
2024

zoning

Zoning Code APT
APT
  • Brian Smith
    Brian Smith
  • Brian Smith
(801) 372-4479

  • Listing ID: 16274042

  • Date on Market: 07/06/2019

  • Last Updated:

  • Address: 865 E 100 N, Payson, UT 84651

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865 E 100 N
(801) 372-4479 x

865 E 100 N

Brian Smith

(801) 372-4479

(801) 372-4479

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