203 S 150 E - Multi-Family FOR SALE


Franklin, ID 83237
$1,250,000 USD
435-213-9179
203 S 150 E, Franklin, ID for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/30
null | 5.5% Cap Rate

203 S 150 E
Franklin, ID 83237


HIGHLIGHTS

  • 25 Minutes from Logan, Utah
  • Separate Tax Number and Meters for each unt
  • Quartz Counter Tops, Low HOA which handles all exterior maintenance

OVERVIEW

Exceptional Investment Opportunity – This newly constructed 2022 townhome 4-plex presents a 5.5% cap rate with gross annual rents totaling $76,800 ($1,600/unit with room to grow). 100% Occupancy, low turnover tenants. Each unit is separately metered and comes with its own tax ID, providing flexibility to sell individually or retain as a single, high-performing asset. The modern design includes new quartz countertops, low-maintenance finishes, and a minimal HOA of just $60 per unit. Located just a short 25-minute drive from Logan, Utah, this property is ideally situated in a high-demand rental market, offering long-term income and value for investors. Please do not disturb tenants. Taxes are provided as an estimate, current taxes assessed are $160.04/unit per year when the property was under construction, and does reflect the new tax rate that has not been updated by the treasurer yet. All four units are currently rented for $1,600/month, and leases terms end on the following dates 10/31/24; 1/31/25; 3/31/25; & 3/31/25.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franklin Meadows Four-Plex

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

Residential

APN/PARCEL ID

03684.26,03684.27,03684.28,03684.29

ASK ABOUT THIS PROPERTY

Colton ClarkPlatinum Real Estate Group PLLCMore Info
435-213-9179

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Colton ClarkPlatinum Real Estate Group PLLCMore Info
435-213-9179

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