358 W W 650 N #A-D, Payson, UT 84651 – 2014153 - Kelli Stoneman

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,220 sqft

Price per Sqft $235

Subdivision Ridge

MLS Listing ID 2014153

Style Stories: 2

Bedrooms 8

Construction Status Blt./Standing

HOA Fees $1,040/mo

HOA Y/N Yes

Year Built 2021

Annual Tax Amount $5,141

Lot Size 871 Sqft

Acres 0.02

Lot Dimensions 0.0x0.0x0.0

Property Description

INVESTORS! This is a newer fourplex in the Pineridge Farms apartment complex in Payson, Utah. Gross rent represents 6.44% cap rate at the asking price! The property consists of four units, each 2 bed, 2 bath. HOA fees are $1040 per month. Current leases are 12 months and are as follows: Unit A $1409.50 Unit B $1485.50 Unit C $1308 Unit D $1438 TOTAL - $5641.00 Pictures are not of the actual units, but merely a representation provided by the management company. Actual properties were purchased per-construction by the current owner, who opted to purchase several upgrades offered by the developer, including engineered wood floors, granite countertops, and a stainless steel package for the kitchen, meaning tenants will prefer these units over ones without the upgrades. No showings will be available until the property is under contract so as to not disturb tenants. The property manager will arrange showings during the due diligence period. The property is currently professionally managed by Maxx Property Management, which offers investors 7% management fee on gross rents collected and is the HOA-designated master property management company for this development. HOA Services include: Water, Sewer Landscape Maintenance, Snow Removal, Garbage Service, Internet, Smart Home, and Master Insurance Policy features. Property is being sold BY OWNER.

Location

State UT

County Utah

Area Payson; Elk Rg; Salem; Wdhil

Zoning Multi-Family

Interior

Heating Electric

Inclusions Dishwasher: Portable, Dryer, Range, Refrigerator, Washer

Fireplace No

Exterior

Exterior Feature Porch: Open

Community Features Clubhouse

Utilities Available Sewer Connected,Water Connected

Amenities Available Clubhouse,Picnic Area,Playground

View Y/N No

Present Use Residential

Topography Road: Paved

Porch Porch: Open

Private Pool false

Building

Lot Description Road: Paved

Sewer Sewer: Connected

Structure Type Stucco

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Taylor

Middle Schools Payson Jr

High Schools Payson

School District Nebo

Others

Senior Community No

Tax ID 49-929-0016

Monthly Total Fees $1,040

Acceptable Financing Cash,Conventional,FHA,VA Loan

Listing Terms Cash,Conventional,FHA,VA Loan