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Revive Lofts Apartments 295 E 800 S 32 Unit Apartment Building $8,679,000 ($271,219/Unit) 5.59% Cap Rate Brigham City, UT 84302
Investment Highlights
- Proforma Cap Rate 6.5%
- Completely gutted and remodeled with new wiring, plumbing, windows and mechanical equipment
- Resurfaced parking in 2025
- Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
- Exceptional interior finishes, new kitchens, new cabinets and new appliances, and new fixtures including sinks, vanities, tubs and toilets
Executive Summary
Only a few blocks away from the Brigham City Campus of USU, the Revive Lofts community houses families within its large units.
8 X 3 bed/1 bath (washer/dryer in unit) 8 large 2 beds/1bath, 4 standard sized 2 beds/1bath,
8 x 1 bed/1bath (washer/ dryer in unit) and 4 studios/1 bath
4 Washers / 4 Dryers no coins. Potential income to replace with coin operated
From 2022-2024 the complex was completely gutted and remodeled with new wiring, plumbing, windows and mechanical equipment. Exceptional interior finishes, new kitchens, new cabinets and new appliances, and new fixtures including sinks, vanities, tubs and toilets. Its is virtually a 2024 apartment complex.
Resurfaced parking in 2025
Tenants pay their own heating and electricity. Landlord covers all other utilities
Landlord charges for WIFI providing an additional revenue stream
Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
Market rents: 3 beds $1,800, 2 beds $1,600 and 1 beds $1,400. Currently collecting approximately $300 less than market rents
8 X 3 bed/1 bath (washer/dryer in unit) 8 large 2 beds/1bath, 4 standard sized 2 beds/1bath,
8 x 1 bed/1bath (washer/ dryer in unit) and 4 studios/1 bath
4 Washers / 4 Dryers no coins. Potential income to replace with coin operated
From 2022-2024 the complex was completely gutted and remodeled with new wiring, plumbing, windows and mechanical equipment. Exceptional interior finishes, new kitchens, new cabinets and new appliances, and new fixtures including sinks, vanities, tubs and toilets. Its is virtually a 2024 apartment complex.
Resurfaced parking in 2025
Tenants pay their own heating and electricity. Landlord covers all other utilities
Landlord charges for WIFI providing an additional revenue stream
Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
Market rents: 3 beds $1,800, 2 beds $1,600 and 1 beds $1,400. Currently collecting approximately $300 less than market rents
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,679,000 | Building Class | B |
| Price Per Unit | $271,219 | Lot Size | 2.17 AC |
| Sale Type | Investment | Building Size | 28,792 SF |
| Cap Rate | 5.59% | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1951/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-M-15 - Residential Multiple - 15 Units/Acre | ||
| Price | $8,679,000 |
| Price Per Unit | $271,219 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.17 AC |
| Building Size | 28,792 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1951/2024 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | R-M-15 - Residential Multiple - 15 Units/Acre |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 524 - 731 |
| 2+1 | 12 | - | 710 - 947 |
| 3+1 | 8 | - | 1,320 |
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Property Taxes
| Parcel Number | 03-215-0003 | Total Assessment | $3,240,000 |
| Land Assessment | $567,150 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,672,850 | Tax Year | 2025 |
Property Taxes
Parcel Number
03-215-0003
Land Assessment
$567,150
Improvements Assessment
$2,672,850
Total Assessment
$3,240,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Revive Lofts Apartments | 295 E 800 S
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