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Midway 4-Unit Apartment 49 N 300 E 4 Unit Apartment Building $2,295,000 ($573,750/Unit) 3.57% Cap Rate Midway, UT 84049
Investment Highlights
- Walkable to Main St Midway
- Fully Remodeled and Under Market Rents
- Rare Apartment Building
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$97,740
|
$25.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$97,740
|
$25.02
|
| Taxes |
$5,808
|
$1.49
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,808
|
$1.49
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $97,740 |
| Annual Per SF | $25.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $97,740 |
| Annual Per SF | $25.02 |
| Taxes | |
|---|---|
| Annual | $5,808 |
| Annual Per SF | $1.49 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,808 |
| Annual Per SF | $1.49 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,295,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $573,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 3.57% | Building Size | 3,906 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 23.48 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1969/2023 |
| Property Type | Multifamily | Parking Ratio | 2.3/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,295,000 |
| Price Per Unit | $573,750 |
| Sale Type | Investment |
| Cap Rate | 3.57% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 23.48 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,906 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 2.3/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Eat-in Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Range
- Carpet
- Double Pane Windows
- Family Room
- Freezer
- Quartz Countertops
Site Amenities
- Car Wash Area
- Wheelchair Accessible
- Trash Pickup - Curbside
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
1 1
Property Taxes
| Parcel Number | 00-0006-0991 | Total Assessment | $1,158,825 |
| Land Assessment | $300,000 | Annual Taxes | $5,808 ($1.49/SF) |
| Improvements Assessment | $858,825 | Tax Year | 2025 |
Property Taxes
Parcel Number
00-0006-0991
Land Assessment
$300,000
Improvements Assessment
$858,825
Total Assessment
$1,158,825
Annual Taxes
$5,808 ($1.49/SF)
Tax Year
2025
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Midway 4-Unit Apartment | 49 N 300 E
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