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221 E Fort Union Blvd 8 Unit Apartment Building $2,575,000 ($321,875/Unit) Midvale, UT 84047
Investment Highlights
- Turn key complex. No needed updating. 100% tenant occupied.
Executive Summary
Rare 8-Plex Investment Gem! An amazing opportunity that truly embodies "Location, Location, Location." The property makes it easy to attract and keep quality tenants. Each unit features 2 bedrooms, 1 Jack & Jill bath, a spacious living room, large kitchen, laundry room, and patio storage. Property offers open green space and covered parking. Close to all the city has to offer, including ski resorts, schools, parks, shopping, dining and public transit. Do not disturb tenants. No seller financing.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,575,000 | Building Class | C |
| Price Per Unit | $321,875 | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| No. Units | 8 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1996 |
| Apartment Style | Low-Rise | Parking Ratio | 2.08/1,000 SF |
| Zoning | RM, Midvale | ||
| Price | $2,575,000 |
| Price Per Unit | $321,875 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | RM, Midvale |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 900 |
Property Taxes
| Parcel Number | 22-30-127-042-0000 | Total Assessment | $2,004,100 |
| Land Assessment | $603,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,400,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
22-30-127-042-0000
Land Assessment
$603,800
Improvements Assessment
$1,400,300
Total Assessment
$2,004,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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221 E Fort Union Blvd
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