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Bonneville Garden Apartments 108 Gardenia Way 48 Unit Apartment Building $3,400,000 ($70,833/Unit) Wendover, UT 84083
Investment Highlights
- Upgraded with over $400K in improvements
- The property is generating over $25K per month
- The property comprises 48 units: 24 one-bedroom units and 24 two-bedroom units.
- Easy I-80 access
Executive Summary
Renovated 48-unit complex on 2.27 acres with easy I-80 access. Built in 1985 and upgraded with over $400K in improvements, it offers 24 one-bed and 24 two-bed units. Market rents average $650–$750 plus $1,000 in monthly laundry income, generating over $25K per month. Recent upgrades include the roof, landscaping, and unit remodels. Making it a stable, high-yield investment with room for rent growth. Agent owner
Property Facts
| Price | $3,400,000 | Building Class | C |
| Price Per Unit | $70,833 | Lot Size | 2.27 AC |
| Sale Type | Investment | Building Size | 46,560 SF |
| No. Units | 48 | Average Occupancy | 65% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1986 |
| Apartment Style | Low-Rise | ||
| Zoning | AA5 | ||
| Price | $3,400,000 |
| Price Per Unit | $70,833 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.27 AC |
| Building Size | 46,560 SF |
| Average Occupancy | 65% |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | AA5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Family Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Playground
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Community-Wide WiFi
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 48 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 01-252-0-0012 | Improvements Assessment | $2,270,420 |
| Land Assessment | $255,375 | Total Assessment | $2,525,795 |
Property Taxes
Parcel Number
01-252-0-0012
Land Assessment
$255,375
Improvements Assessment
$2,270,420
Total Assessment
$2,525,795
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Bonneville Garden Apartments | 108 Gardenia Way
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