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125 S 200 W
Brigham City, UT 84302
Horseshoe Apartment · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Proforma Cap Rate 6.75%
- Landlord currently collecting $1,200, market rent is $1,400
- Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
- Remodeled with new flooring, paint and appliances in 2024 and 2025
- Washer and Dryer Provided for each unit
- Resurfaced parking in 2025
Executive Summary
Newmark Mountain West is pleased to present this 10-unit multifamily sale in Brigham City, Utah. Located near the Brigham City, Utah State Campus and having been fully remodeled, with new kitchen appliances, bathroom fixtures, paint and flooring. At $2.537 million, which is a 5.5% cap rate on the existing NOI the price per unit is just over $211,000.
The current owner has kept the apartments 100% occupied for many years, with little to no downtime between tenants and with rents maintained on the low end of the market. There is an opportunity to raise rents incrementally and capture upside. The proforma cap rate, at market rents is 6.56%.
Horseshoe Apartments
Within a short distance of the Brigham City Campus of USU, a block from the LDS Temple, Smith’s supermarket and the historical Main Street, the Horseshoe Apartments house working families
All units are 2 bed/1 Bath with a carport
Remodeled with new flooring, paint and appliances in 2024 and 2025
Resurfaced parking in 2025
Washer and Dryer Provided for each unit
Landlord pays only for trash removal
Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
Landlord currently collecting $1,200, market rent is $1,400
The current owner has kept the apartments 100% occupied for many years, with little to no downtime between tenants and with rents maintained on the low end of the market. There is an opportunity to raise rents incrementally and capture upside. The proforma cap rate, at market rents is 6.56%.
Horseshoe Apartments
Within a short distance of the Brigham City Campus of USU, a block from the LDS Temple, Smith’s supermarket and the historical Main Street, the Horseshoe Apartments house working families
All units are 2 bed/1 Bath with a carport
Remodeled with new flooring, paint and appliances in 2024 and 2025
Resurfaced parking in 2025
Washer and Dryer Provided for each unit
Landlord pays only for trash removal
Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
Landlord currently collecting $1,200, market rent is $1,400
Property Facts
| Price Per Unit | $211,417 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 5.50% | Building Size | 9,000 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1959/2024 |
| Apartment Style | Low-Rise |
| Price Per Unit | $211,417 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2024 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Number | 03-125-0115 | Improvements Assessment | $1,669,320 |
| Land Assessment | $130,680 | Total Assessment | $1,800,000 |
Property Taxes
Parcel Number
03-125-0115
Land Assessment
$130,680
Improvements Assessment
$1,669,320
Total Assessment
$1,800,000
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