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42 E 300 S
Spanish Fork, UT 84660
Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 11,705 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1920 |
| Building Class | C |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 11,705 SF |
| No. Stories | 1 |
| Year Built | 1920 |
ABOUT 42 E 300 S , SPANISH FORK, UT 84660
This is a rare opportunity to purchase a multifamily property in Spanish Fork. This 16 unit apartment complex provides great cash flow and low vacancy. There is a high demand for apartments this size in the area. The buildings have been constructed with low maintenance materials. Some of the units have been remodeled, and there is a great value add opportunity to remodel the remaining units. 5.8% CAP rate based on market occupancy rates, (a few units are vacant for renovations). Many tenants on month to month and rents could be increased. Includes parcel 07:008:0015 and 07:008:0012. See attached proforma and rent roll.
PROPERTY TAXES
| Parcel Number | 07-008-0012 | Improvements Assessment | $1,013,600 |
| Land Assessment | $409,500 | Total Assessment | $782,705 |
PROPERTY TAXES
