About 1125 W 250 S 3
IMPROVED PRICE! CURRENTLY ONE BUILDING IS STILL IN THE LEASE-UP PHASE. Rare Investment Opportunity! 4.6% CAP rate. Stabilized new 18 unit Apartment Building. On site management & model unit. Built 2024. Located in American Fork, UT, within walking distance of the American Fork TRAX station. Quick access to I-15, shopping, restaurants, entertainment. Amenities: Clubhouse, Pool, Gym (Currently under construction). The Yard development consists of twelve 18-plex buildings (total 216 units). Each building has a single tax ID & owned by individual entity. (3) 3 bed 2 bath units, (9) 2 bed 2 bath units, and (6) 1 bed 1 bath units. Each unit has a patio or balcony. Current rents are below market, anticipating rent increases. Modern Living at its finest, open floor plan, big windows for natural light, wood type flooring, granite countertops throughout, upgrade white cabinets, upgraded hardware, 9' ceilings. Controlled access. Model unit is available to tour during business hour. All information is deemed reliable but not guaranteed. Buyer is responsible to verify all listing information.
Features of 1125 W 250 S 3
| MLS® # | 2023329 |
|---|---|
| Price | $5,595,000 |
| Bedrooms | 33 |
| Bathrooms | 30.00 |
| Square Footage | 17,966 |
| Acres | 0.59 |
| Year Built | 2024 |
| Type | Residential |
| Sub-Type | > 4 Units |
| Style | Stories: 3 |
| Status | Active |
Community Information
| Address | 1125 W 250 S 3 |
|---|---|
| Area | Am Fork; Hlnd; Lehi; Saratog. |
| Subdivision | THE YARD |
| City | American Fork |
| County | Utah |
| State | UT |
| Zip Code | 84003 |
Amenities
| Amenities | Cable TV, Clubhouse, Controlled Access, Fitness Center, Insurance, Maintenance, Management, Pet Rules, Pets Permitted, Pool, Sewer Paid, Snow Removal, Spa/Hot Tub, Storage, Trash, Water |
|---|---|
| Utilities | Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected |
| Features | Clubhouse |
| Parking | Parking: Uncovered |
| View | Lake, Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet |
|---|---|
| Interior Features | Bath: Primary, Closet: Walk-In, Disposal, Range/Oven: Free Stdng., Granite Countertops, Dishwasher: Built-In |
| Heating | Electric, Forced Air, Gas: Central |
| Fireplace | No |
Exterior
| Exterior Features | Balcony, Double Pane Windows, Lighting, Patio: Covered, Sliding Glass Doors |
|---|---|
| Lot Description | View: Lake, View: Mountain |
| Windows | Blinds |
| Roof | Membrane |
| Construction | Brick, Stucco |
School Information
| District | Alpine |
|---|---|
| Elementary | Trailside Elementary |
| Middle | Orem |
| High | Mountain View |
Additional Information
| Date Listed | September 13th, 2024 |
|---|---|
| Days on Market | 282 |
| Zoning | Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Sam Levin |
|---|---|
| Office | Sky Realty |
| Contact Info | 801-704-3445 |