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185 E 400 N

Spanish Fork, UT 84660
  • $8,000,000
  • STATUS: Active Under Contract
  • ON SITE: 329 Days
  • ID#: 1751942
Under Contract
UPDATED: 22 min ago
$8,000,000
  • 57
    BEDS
  • 2.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 40,381
    SQFT
  • $198
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2020
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

NOI $465,717, 5.82% cap rate. Offered is a premium 36 unit multi-fam asset built in 2020, stabilized and ready to perform with low hassle and maintenance for years to come! Two story building with extra wide climate controlled interior hallways, common interior leisure area with historical elements to the old Rees School. Details and finishes that well exceed the standard for comparable properties. Abundant parking including 18 covered spaces and 18 detached garages, 84 total spaces plus on street. Fiber optic internet in each unit that's hardwired into all rooms. All utility room access is from common hall. Expansive courtyard style green space with pavilion. Smart camera system and smart eco friendly landscape irrigation. Property has a 81 walk score, two minutes from I15, shopping and restaurants. Floor drains in each laundry room. Extra revenue from garage units, covered parking, premium unit features, direct courtyard access and amenity fee. . Full financials and disclosures available upon qualified request. Please call with any questions. Property website is rees.apartments for additional info.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-05-25T08:37:22.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.whiteoakhomes.com/homes/118824534
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185 E 400 N Spanish Fork, UT 84660

  • Price: $8,000,000
  • Status: Active Under Contract
  • On Site: 329 Days
  • Updated: 22 min ago
  • ID#: 1751942
57
Beds
0
Baths
0
½ Baths
2.04
Acres
40,381
SQFT
$198
$/SQFT
2020
Built
Neighborhood:
Palt A Spanish Fork
County:
Utah
Area:
Sp Fork; Mapleton; Benjamin
Elementary School:
Park
Middle School:
Spanish Fork Jr
High School:
Spanish Fork
School District:
Nebo
Property Description
NOI $465,717, 5.82% cap rate. Offered is a premium 36 unit multi-fam asset built in 2020, stabilized and ready to perform with low hassle and maintenance for years to come! Two story building with extra wide climate controlled interior hallways, common interior leisure area with historical elements to the old Rees School. Details and finishes that well exceed the standard for comparable properties. Abundant parking including 18 covered spaces and 18 detached garages, 84 total spaces plus on street. Fiber optic internet in each unit that's hardwired into all rooms. All utility room access is from common hall. Expansive courtyard style green space with pavilion. Smart camera system and smart eco friendly landscape irrigation. Property has a 81 walk score, two minutes from I15, shopping and restaurants. Floor drains in each laundry room. Extra revenue from garage units, covered parking, premium unit features, direct courtyard access and amenity fee. . Full financials and disclosures available upon qualified request. Please call with any questions. Property website is rees.apartments for additional info.
Exterior Features

Architectural Style Stories: 2 Attached Garage YN No Carport Spaces 18 Carport YN Yes Construction Materials BrickStucco Construction Status Blt./Standing Covered Spaces 36 Frontage Length 0.0 Garage YN Yes Horse Property YN No Lot Features Corner LotSprinkler: Auto-FullView: Mountain Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking Spaces 82 Open Parking YN No Other Equipment Alarm System Parking Total 118 Pool Private YN No Roof Membrane Spa YN No Topography Corner LotSprinkler: Auto-FullTerrainFlatView: Mountain Vegetation Landscaping: Full View Mountain(S) View YN Yes Waterfront YN No

Interior Features

Bathrooms Partial 0 Bathrooms Total 56 Building Area Total 40381 Cooling YN No Fireplace YN No Flooring CarpetVinyl Heating Forced AirGas: Central Heating YN True Interior Features Alarm: FireDisposalDishwasher: Built-In Laundry Features Electric Dryer Hookup Rooms Total 0 Window Features Blinds

Property Features

Association YN No Current Use Residential Inclusions Alarm SystemCeiling FanRefrigerator Irrigation Water Rights Acres 0 Lease Considered YN No Listing Terms CashConventional New Construction YN No Ownership Property Owner Property Attached YN No Property Condition Blt./Standing Property Sub Type > 4 Units Senior Community YN No Sewer Sewer: Public Tax Annual Amount 23428 Utilities Natural Gas ConnectedElectricity ConnectedSewer: PublicWater Connected Water Source CulinaryIrrigation: Pressure Zoning Multi-Family Zoning Description R-5

Listing provided courtesy of Harward & Associates Real Estate: 801-377-5600. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2022 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-05-25T08:37:22.097. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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The White Oak Team at Platinum Real Estate Group
965 S 100 W #105
Logan UT, 84321