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Sawmill Condos 1218 S Sawmill Blvd 10 Unit Apartment Building $4,900,000 ($490,000/Unit) 5% Cap Rate Heber City, UT 84032
INVESTMENT HIGHLIGHTS
- Units feature Island kitchens with range.
- Single-car garage parking.
EXECUTIVE SUMMARY
5.2 million is for investors only. Units are professionally managed by Passaro Leasing Company. The HOA will be $2,250 for the building. It breaks down to $225 per unit. The HOA covers TV, internet, snow removal and ground maintenance. Each unit has one detached garage. See attached Proforma. Fully lease space!
PROPERTY FACTS
| Price | $4,900,000 | Apartment Style | Garden |
| Price Per Unit | $490,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 6.63 AC |
| Cap Rate | 5% | Building Size | 139,873 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.14/1,000 SF |
| Price | $4,900,000 |
| Price Per Unit | $490,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.63 AC |
| Building Size | 139,873 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.14/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Pool
- Tennis Court
- Basketball Court
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 10 | - | 1,406 |
PROPERTY TAXES
| Parcel Number | 00-0020-8270 | Improvements Assessment | $0 |
| Land Assessment | $1,125,600 | Total Assessment | $1,125,600 |
PROPERTY TAXES
Parcel Number
00-0020-8270
Land Assessment
$1,125,600
Improvements Assessment
$0
Total Assessment
$1,125,600
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Sawmill Condos | 1218 S Sawmill Blvd
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