268-408 1220 South St | Vernal, UT 84078
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268-408 1220 South St
Vernal, UT 84078
South Point Apartments · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- Vernal’s economic base in energy and tourism fuels rental demand, offering potential upside for investors.
- The property boasts a high occupancy rate, ensuring consistent rental income.
- While stabilized, future improvements could enhance rents and long-term appreciation.
PROPERTY FACTS
| No. Units | 40 | Building Size | 47,730 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | C | Parking Ratio | 1.68/1,000 SF |
| Lot Size | 2.50 AC | ||
| Zoning | R-2 - Residential | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 47,730 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | R-2 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 40 | - | 1,193 - 1,200 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,148,592 | |
| Land Assessment | $165,000 | Total Assessment | $1,313,592 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$165,000
Improvements Assessment
$1,148,592
Total Assessment
$1,313,592
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