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Browse More Listings in Multifamily For Sale, Vernal, UT or Utah

Multifamily Property For Sale

Aspen Park Apts

295 N. 120 W., Vernal, UT 84078

Price:
$2,853,100
No. Units:
40
Building Size:
43,520 SF
Price/Unit:
$71,327.50
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.50%
Occupancy:
90%
No. Stories:
2
Year Built:
1982
Lot Size:
2.67 AC
Tax ID / APN #:
05-021-0098
Find Out More...

Last Verified 10/22/2009 Listing ID 15584514

Highlights

3 Bedroom 1 Bath Units -up & down style
1 Covered parking space per unit
Could Possibly Condo convert

Strong rental market

Description

Investors, you can own all 40 units for only $100,000 down, total. No need for 25% down. Assumable loans. Ten (10) Four Plexes in the Project. Month-to-month leases. Great investment. Call for operating data. Owner/Broker.
Each building has its own tax ID# and separate water meter. Might be able to condo convert and sell individually (@$119K). One covered parking space per unit. Investors/buyers only. No commission at this price.

Vernal, Utah. Units need work. Carpet is old. Units need painting. Parking lot needs new asphalt. Great potential.

Financial Summary

Unit Mix Information

Proforma
Effective Gross Income
$431,205
Operating Expenses
$96,210
Net Operating Income
$334,995

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
3 Bed 1 Bath	40	$895	1,088

Map of 295 N. 120 W., Vernal, UT 84078 (Uintah County)

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Created 2/26/2008

Additional Information for 295 N 120 W, Vernal, UT 84078

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Aspen Park Apts

295 N. 120 W., Vernal, UT, 84078