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Cove at Overlake Apartments
1837 N. Berra Boulevard, Tooele, UT 84074
$1,150,000
7.58 AC
Land
Multifamily (land)
- Electricity/Power
- Irrigation
- Water
- Telephone
- Cable
- Gas/Propane
-
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Last Verified 9/23/2009
Listing ID 16245821
1 Lot Available
Lot 1
$1,150,000
7.58 AC
Multifamily (land)
3%
Description
7.58 Acres, just received approval (including water and all utilities).
Plan calls for 132 unit multi-family apartments or condos (17.4 units/acre) with mix of 60 - 2bdrm/2bath units and 72 - 3bdrm/2bath units.
Civil Engineering, concept elevation and floor plans, and landscape plans complete. Property ammenities plan includes soccer field, club house, play ground, basketball court, Picnic/BBQ area.
HUD construction financing available.
Can be built as apartments (8% cap) or condos (57% IRR). Proformas available.
In the heart of Overlake master planned community, 30 minutes from downtown Salt Lake City. 1-2 blocks from schools, parks, ball fields, and hospital. Commercial and retail within 4 blocks (incl. WalMart, Home Depot).
Major local employers include Rio Tinto, Energy Solutions, WalMart Distribution Center, Proctor & Gamble (600,000 sf. dist. facility under construction), Dugway Proving & Testing. Additional major employment (SLC Metro area and Intl. Airport) within 20 minutes.
World class Miller Motor Sports Park within 7 minutes.
Map of 1837 N. Berra Boulevard, Tooele, UT 84074 (Tooele County)
Created 5/20/2009
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.