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Kelli Stoneman

kelli@stonemangroup.com +1(801) 337-6295

$5,900,000

Est. payment - /mo

33 Beds

30 Baths

17,967 SqFt

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UPDATED:

09/13/2024 10:58 PM

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

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Listed by Sky Realty Company, LLC

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Kelli Stoneman

+1(801) 337-6295

Broker Associate | License ID: 5656390-AB00

Broker Associate License ID: 5656390-AB00

1125 W 250 S #3 American Fork, UT 84003

Kelli Stoneman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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