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Hyrum 12 Unit Apartment Complex 360 N 400 W 12 Unit Apartment Building $2,300,000 ($191,667/Unit) 5.32% Cap Rate Hyrum, UT 84319
EXECUTIVE SUMMARY
Incredible investment opportunity in Hyrum! This deal includes three 4-plexes (12 units total) that are currently fully leased, providing immediate income. The property sits on a massive 2.5-acre lot featuring a large horse pasture.
HUGE UPSIDE: The lot size meets the criteria for a Planned Unit Development (PUD), giving the new owner the potential to build additional units and maximize the investment.
12 Units (3 Buildings)
Fully Leased
2.5 Acres Zoning/Land Use: Meets PUD minimums for expansion.
Perfect for the investor looking for stability today and growth tomorrow. Buyer to verify all development potential with Hyrum City. Financials available upon request.
HUGE UPSIDE: The lot size meets the criteria for a Planned Unit Development (PUD), giving the new owner the potential to build additional units and maximize the investment.
12 Units (3 Buildings)
Fully Leased
2.5 Acres Zoning/Land Use: Meets PUD minimums for expansion.
Perfect for the investor looking for stability today and growth tomorrow. Buyer to verify all development potential with Hyrum City. Financials available upon request.
PROPERTY FACTS
| Price | $2,300,000 | Apartment Style | Townhome |
| Price Per Unit | $191,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.44 AC |
| Cap Rate | 5.32% | Building Size | 11,382 SF |
| Gross Rent Multiplier | 13 | Average Occupancy | 93% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 1.93/1,000 SF |
| Zoning | R-2 | ||
| Price | $2,300,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 13 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 11,382 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | R-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 03-060-0080 | Improvements Assessment | $1,020,430 |
| Land Assessment | $695,000 | Total Assessment | $1,715,430 |
PROPERTY TAXES
Parcel Number
03-060-0080
Land Assessment
$695,000
Improvements Assessment
$1,020,430
Total Assessment
$1,715,430
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Hyrum 12 Unit Apartment Complex | 360 N 400 W
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