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392 W 400 N
Bountiful, UT 84010
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 5,366 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1983 |
| Lot Size | 0.73 AC | Parking Ratio | 1.87/1,000 SF |
| Zoning | RM-13 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 5,366 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | RM-13 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Eat-in Kitchen
- Refrigerator
- Range
- Vinyl Flooring
ABOUT 392 W 400 N , BOUNTIFUL, UT 84010
Rare 10 unit apartment deal in a prime Bountiful location. The current owner has owned and managed these units since 2001 and has operated at near 0% vacancy. Great opportunity for upside as current rents are $100-$200 below market rates. Originally a brick duplex built in 1951, there were 8 townhome style units added in 1983 along with 4 oversized garages that can be rented for additional income. The landscaping and parking area are very low maintenance. Walking distance to many retail and restaurant locations and quick access to transit or I-15. See attached documents for current rent roll, trailing financials, and proforma. Proforma cap rate at 6.06%. Do not disturb or engage tenants. They are unaware of sale.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 8 | $872.50 | 1,131 |
| 2+1 | 2 | $750.00 | 820 |
PROPERTY TAXES
| Parcel Number | 03-021-0177 | Improvements Assessment | $619,388 |
| Land Assessment | $310,011 | Total Assessment | $929,399 |
PROPERTY TAXES
