49 S 200 W - Apartments FOR SALE


Lehi, UT 84043
$4,500,000 USD
801-656-7354
49 S 200 W, Lehi, UT for Sale
$4,500,000 USD
Apartments - FOR SALE
1/10
null | 5.24% Cap Rate

49 S 200 W
Lehi, UT 84043


HIGHLIGHTS

  • Rare Value-Add Multifamily Opportunity
  • Proforma Cap Rate: 7.37% (Post Renovation)
  • Nearby Schools: Meadow Elementary School, Willowcreek Middle School, Lehi High Schoo
  • Location: Located In the Heart of Silicon Slopes (Utah’s Largest Tech Corridor) In the Prestigious City Of Lehi, Utah
  • Nearby Parks: Margaret Wines Park Veterans Ball Park and Allred Park
  • Unit Mix: Two Bedrooms & One Bathroom

OVERVIEW

Introducing a rare value add multifamily property primely located in the heart of Silicon Slopes, Lehi, Utah. Built with masonry in 1993, this 22-unit complex offers significant potential for investor upside. Comprised of 3 buildings on 0.97 acres, it’s conveniently located near Margaret Wines Park, Veterans Ball Park, and Allred Park, as well as Meadow Elementary School, Willowcreek Middle School, and Lehi High School. With its premier location, this property presents an exciting opportunity for investors looking to capitalize on a target market with ample job supply and numerous local businesses in the thriving tech corridor of Silicon Slopes. Furthermore, the property is surrounded by ample amenities and retailers as well as a robust public transportation system including UDOT’s FrontRunner and bus lines.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

22

PRICE/UNIT

$204,545

CAP RATE

5.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lehi Main Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

01-028-0005,01-028-0006,01-028-0023

ASK ABOUT THIS PROPERTY

Skyler PetersonLegend PartnersMore Info
801-656-7354

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Skyler PetersonLegend PartnersMore Info
801-656-7354

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