1125 W 250 S #3 Active Save Request In-Person Tour Request Virtual Tour
American Fork,UT 84003
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 17,967 sqft
Price per Sqft $328
Subdivision The Yard
MLS Listing ID 2023329
Style Stories: 3
Bedrooms 33
Construction Status Blt./Standing
HOA Fees $3,184/mo
HOA Y/N Yes
Year Built 2024
Annual Tax Amount $3,735
Lot Size 0.590 Acres
Acres 0.59
Lot Dimensions 0.0x0.0x0.0
Property Description
Rare Investment Opportunity! Stabilized new 18 unit Apartment Building. On site management. Built 2024. Hard to find, 3-story modern 18-plex apartment building is a fantastic investment. Owner prefers to close after 01/01/2025, however Owner would consider December closing with a strong offer. Located in American Fork, UT, within walking distance of the American Fork TRAX station. Quick access to I-15, shopping, restaurants, entertainment. Amenities: Clubhouse, Pool, Gym (Currently under construction). The Yard development consists of twelve 18-plex buildings (total 216 units). Each building has a single tax ID & owned by individual entity. (3) 3 bed 2 bath units, (9) 2 bed 2 bath units, and (6) 1 bed 1 bath units. Each unit has a patio or balcony. Current rents are below market, anticipating rent increases. Please see the OM for more info. Modern Living at its finest, open floor plan, big windows for natural light, wood type flooring, granite countertops throughout, upgrade white cabinets, upgraded hardware, 9' ceilings. Controlled access. Viewing information: Please call for an appointment. Agent must coordinate with on site management for tour of the actual building. Model unit is available to tour during business hour. All information is deemed reliable but not guaranteed. Buyer is responsible to verify all listing information.
Location
State UT
County Utah
Area Am Fork; Hlnd; Lehi; Saratog.
Zoning Multi-Family
Interior
Interior Features Bath: Master,Closet: Walk-In,Disposal,Range/Oven: Free Stdng.,Granite Countertops,Dishwasher: Built-In
Heating Electric,Forced Air,Gas: Central
Flooring Carpet
Inclusions Ceiling Fan, Microwave, Range, Refrigerator, Window Coverings
Equipment Window Coverings
Fireplace No
Window Features Blinds
Exterior
Exterior Feature Balcony,Double Pane Windows,Lighting,Patio: Covered,Sliding Glass Doors
Community Features Clubhouse
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Amenities Available Cable TV,Clubhouse,Controlled Access,Fitness Center,Insurance,Maintenance,Management,Pet Rules,Pets Permitted,Pool,Sewer Paid,Snow Removal,Spa/Hot Tub,Storage,Trash,Water
View Y/N Yes
View Lake,Mountain(s)
Roof Type Membrane
Present Use Residential
Topography View: Lake, View: Mountain
Handicap Access Fully Accessible,Ground Level,Single Level Living,Customized Wheelchair Accessible
Porch Covered
Total Parking Spaces 36
Private Pool false
Building
Lot Description View: Lake,View: Mountain
Sewer Sewer: Connected,Sewer: Public
Water Culinary
Structure Type Brick,Stucco
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Trailside Elementary
Middle Schools Orem
High Schools Mountain View
School District Alpine
Others
HOA Fee Include Cable TV,Insurance,Maintenance Grounds,Sewer,Trash,Water
Senior Community No
Tax ID 56-040-0003
Monthly Total Fees $3,184
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange