154 N 100 W - Apartments FOR SALE


American Fork, UT 84003
$1,090,000 USD
801-369-5500
154 N 100 W, American Fork, UT for Sale
$1,090,000 USD
Apartments - FOR SALE
1/47
null | 4.25% Cap Rate

154 N 100 W
American Fork, UT 84003


HIGHLIGHTS

  • Low vacancy
  • 4 Unit Income Property

OVERVIEW

This unique 4 unit property includes an Up/Down duplex in the front, and detached cottage behind it, and an industrial warehouse. Lots of parking space. The triplex has 100% occupancy for 10+ years. Ideal location close to shopping and freeway access. Updated units. The 1500 sq ft metal warehouse includes a half acre of gravel parking. The warehouse was completed at the end of 2022 with thick 6" sealed concrete slab and extra tall 14' roll-up garage door. There is no current electrical or plumbing for the warehouse, but a 2" conduit was buried the entire 250' distance from the cottage to the warehouse, making it easy to add electrical at any time. Easily increase income!! Seller had previously rented parking on the lot, but has left the lot open for new owners' flexible use. If electrical were also added to the warehouse, rent could be further increased. Also a possibility of adding an additional warehouse. Please see attached flyer for more information. 24 Hour notice for showings required. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Agent related to seller. 24 hour notice for showings required. *The GBA includes the warehouse sq footage. I was told to only list the 3 residential units because the warehouse is not "multi family", although this is really a 4 unit property for sale.

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

3

PRICE/UNIT

$363,333

CAP RATE

4.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

American Fork UT 4-plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

Multi Use

APN/PARCEL ID

02-037-0019

ASK ABOUT THIS PROPERTY

Scott OldroydEquity Real EstateMore Info
801-369-5500

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Scott OldroydEquity Real EstateMore Info
801-369-5500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.