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The Yard 18-plex Modern Apartments 1125 W 250 S 18 Unit Apartment Building $5,425,000 ($301,389/Unit) 4.55% Cap Rate American Fork, UT 84003
Investment Highlights
- Stabilized new 18-unit apartment building in American Fork.
- Prime Location: Walking distance to American Fork TRAX station; quick access to I-15, shopping, restaurants, and entertainment.
- Future rent appreciation anticipated after amenity completion.
- Built in 2024: Modern, luxury design with on-site management.
- Amenities: Clubhouse, pool, hot tub, gym (currently under construction).
- Investor-oriented HOA
Executive Summary
IMPROVED PRICE!!
Data Room Click Here to Access
- Market Information
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$358,200
|
$19.94
|
| Other Income |
$4,300
|
$0.24
|
| Vacancy Loss |
$10,746
|
$0.60
|
| Effective Gross Income |
$351,754
|
$19.58
|
| Taxes |
$20,779
|
$1.16
|
| Operating Expenses |
$84,221
|
$4.69
|
| Total Expenses |
$105,000
|
$5.84
|
| Net Operating Income |
$246,754
|
$13.73
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $358,200 |
| Annual Per SF | $19.94 |
| Other Income | |
|---|---|
| Annual | $4,300 |
| Annual Per SF | $0.24 |
| Vacancy Loss | |
|---|---|
| Annual | $10,746 |
| Annual Per SF | $0.60 |
| Effective Gross Income | |
|---|---|
| Annual | $351,754 |
| Annual Per SF | $19.58 |
| Taxes | |
|---|---|
| Annual | $20,779 |
| Annual Per SF | $1.16 |
| Operating Expenses | |
|---|---|
| Annual | $84,221 |
| Annual Per SF | $4.69 |
| Total Expenses | |
|---|---|
| Annual | $105,000 |
| Annual Per SF | $5.84 |
| Net Operating Income | |
|---|---|
| Annual | $246,754 |
| Annual Per SF | $13.73 |
Property Facts
| Price | $5,425,000 | Building Class | B |
| Price Per Unit | $301,389 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 17,966 SF |
| Cap Rate | 4.55% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF - Multifamily | ||
| Price | $5,425,000 |
| Price Per Unit | $301,389 |
| Sale Type | Investment |
| Cap Rate | 4.55% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 17,966 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 2/1,000 SF |
| Zoning | MF - Multifamily |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Dining Room
- Family Room
- Instant Hot Water
- Pantry
- Patio
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Pool
- Spa
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,418 | 795 - 813 |
| 2+2 | 9 | $1,710 | 1,020 - 1,039 |
| 3+2 | 3 | $2,113 | 1,300 - 1,323 |
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Property Taxes
| Parcel Number | 56-040-0003 | Total Assessment | $2,378,585 (2025) |
| Land Assessment | $971,500 (2025) | Annual Taxes | $20,779 ($1.16/SF) |
| Improvements Assessment | $3,353,200 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
56-040-0003
Land Assessment
$971,500 (2025)
Improvements Assessment
$3,353,200 (2025)
Total Assessment
$2,378,585 (2025)
Annual Taxes
$20,779 ($1.16/SF)
Tax Year
2026
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The Yard 18-plex Modern Apartments | 1125 W 250 S
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