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Ancora Apartments 1184 W 4400 S 16 Unit Apartment Building $3,200,000 ($200,000/Unit) 5.34% Cap Rate Riverdale, UT 84405
INVESTMENT HIGHLIGHTS
- Upgraded HVAC + 8 Units Fully Renovated
- 5 Miles from I-15 & I84
- 4.3 Miles from Weber State University
EXECUTIVE SUMMARY
Welcome to Ancora Apartments, a 16-unit garden-style community offering both fully renovated and partial renovation two-bedroom units.
Eight units have been fully renovated, quartz countertops, stainless steel appliances, custom cabinetry, vinyl plank flooring, and in-unit washer and dryer, achieving premium rents.
The remaining well-maintained units have been upgraded, partially renovated. This offers dependable occupancy and additional value-add potential for future full renovation.
All units include washer and dryer connection, fireplace, tiled showers, large double-door closets, a private entrance, personal storage space, and assigned covered parking plus one additional parking space.
Eight units have been fully renovated, quartz countertops, stainless steel appliances, custom cabinetry, vinyl plank flooring, and in-unit washer and dryer, achieving premium rents.
The remaining well-maintained units have been upgraded, partially renovated. This offers dependable occupancy and additional value-add potential for future full renovation.
All units include washer and dryer connection, fireplace, tiled showers, large double-door closets, a private entrance, personal storage space, and assigned covered parking plus one additional parking space.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 13,824 SF |
| Cap Rate | 5.34% | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-5 - High Density Residential | ||
| Price | $3,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 13,824 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2023 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R-5 - High Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Fireplace
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | - | 864 |
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PROPERTY TAXES
| Parcel Number | 08-096-0003 | Improvements Assessment | $1,611,000 |
| Land Assessment | $560,000 | Total Assessment | $2,171,000 |
PROPERTY TAXES
Parcel Number
08-096-0003
Land Assessment
$560,000
Improvements Assessment
$1,611,000
Total Assessment
$2,171,000
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Ancora Apartments | 1184 W 4400 S
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