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67 775 S - Springville Towns 13 Unit Apartment Building Offered at $5,225,099 at a 5.41% Cap Rate Springville, UT 84663
INVESTMENT HIGHLIGHTS
- Close proximity to BYU and downtown Springville
- High end finishes
- Big windows; lots of natural light
EXECUTIVE SUMMARY
Wonderful investment opportunity in Springville, Utah, only 15 minutes from Brigham Young University (BYU). Thirteen individual townhomes of which eight are end units! A mix of 1900 SF three story units and 1617 SF two story units. Other units in this same complex have been purchased by investors and have rented up nicely at ~$2300 per month.
The units are brand new (last certificate of occupancy was received in December 2025). Upper-end finishes with quartz counters, solid cabinets, and closet organizers in every bedroom. All appliances included (including refrigerator and washer/dryer). These are ready to rent!
Celle Asset Management can manage the units for you at 7.5% of rents, or you are welcome to self manage the units or hire another manager. Nightly rentals is allowed also!
The units are individually platted so you have the flexibility in the future to sell the units individually if you wanted. This provides a lot of extra value as you have the ability to exit a portion of the investment in the future if desired.
The units are brand new (last certificate of occupancy was received in December 2025). Upper-end finishes with quartz counters, solid cabinets, and closet organizers in every bedroom. All appliances included (including refrigerator and washer/dryer). These are ready to rent!
Celle Asset Management can manage the units for you at 7.5% of rents, or you are welcome to self manage the units or hire another manager. Nightly rentals is allowed also!
The units are individually platted so you have the flexibility in the future to sell the units individually if you wanted. This provides a lot of extra value as you have the ability to exit a portion of the investment in the future if desired.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$363,000
|
$16.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$363,000
|
$16.18
|
| Taxes |
$26,000
|
$1.16
|
| Operating Expenses |
$54,125
|
$2.41
|
| Total Expenses |
$80,125
|
$3.57
|
| Net Operating Income |
$282,875
|
$12.61
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $363,000 |
| Annual Per SF | $16.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $363,000 |
| Annual Per SF | $16.18 |
| Taxes | |
|---|---|
| Annual | $26,000 |
| Annual Per SF | $1.16 |
| Operating Expenses | |
|---|---|
| Annual | $54,125 |
| Annual Per SF | $2.41 |
| Total Expenses | |
|---|---|
| Annual | $80,125 |
| Annual Per SF | $3.57 |
| Net Operating Income | |
|---|---|
| Annual | $282,875 |
| Annual Per SF | $12.61 |
PROPERTY FACTS
| Price | $5,225,099 | Apartment Style | Townhome |
| Price Per Unit | $401,931 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 22,436 SF |
| Cap Rate | 5.41% | No. Stories | 2 |
| No. Units | 13 | Year Built | 2025 |
| Property Type |
| Price | $5,225,099 |
| Price Per Unit | $401,931 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| No. Units | 13 |
| Property Type | |
| Apartment Style | Townhome |
| Lot Size | 0.13 AC |
| Building Size | 22,436 SF |
| No. Stories | 2 |
| Year Built | 2025 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Carpet
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Island Kitchen
- Large Bedrooms
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 13 | - | - |
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Presented by
J. Thomas Homes
67 775 S - Springville Towns
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