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Green Creek Townhomes 356 N 300 W 8 Unit Apartment Building $2,256,637 ($282,080/Unit) 5.59% Cap Rate Logan, UT 84321
Investment Highlights
- Within 1/2 mile of USU Campus
- In 2023 and 2024 all but 1 unit was completely gutted and remodeled with new flooring, paint and appliances, including bathroom fixtures
- Tenants pay all utilities
- 2 Story, 2 bed/1.5 bath townhomes
- Covered carport
- Resurfaced parking in 2025
Executive Summary
Within a short distance of the USU Campus the Green Creek Townhomes community is occupied by working adults and young families
2 Story, 2 bed/1.5 bath townhomes
Covered carport
Each unit has its own washer and dryer
In 2023 and 2024 all but 1 unit was completely gutted and remodeled with new flooring, paint and appliances, including bathroom fixtures
Resurfaced parking in 2025
Tenants pay all utilities
Market rents $1,550. Currently collecting $1,500
2 Story, 2 bed/1.5 bath townhomes
Covered carport
Each unit has its own washer and dryer
In 2023 and 2024 all but 1 unit was completely gutted and remodeled with new flooring, paint and appliances, including bathroom fixtures
Resurfaced parking in 2025
Tenants pay all utilities
Market rents $1,550. Currently collecting $1,500
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 | $2,256,637 | Building Class | C |
| Price Per Unit | $282,080 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 7,612 SF |
| Cap Rate | 5.59% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Townhome |
| Price | $2,256,637 |
| Price Per Unit | $282,080 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,612 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2024 |
| Parking Ratio | 1.05/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $1,500 | 951 |
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Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05-084-0032 | Total Assessment | $730,460 |
| Land Assessment | $215,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $515,460 | Tax Year | 2025 |
Property Taxes
Parcel Number
05-084-0032
Land Assessment
$215,000
Improvements Assessment
$515,460
Total Assessment
$730,460
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
Green Creek Townhomes | 356 N 300 W