193 W 700 N - Apartments FOR SALE


Logan, UT 84321- Bridger
$5,832,000 USD
435-994-0023
193 W 700 N, Logan, UT for Sale
$5,832,000 USD
Apartments - FOR SALE
1/13
null | 4.9% Cap Rate

193 W 700 N
Logan, UT 84321
Bridger


HIGHLIGHTS

  • Some of the largest units in Logan.
  • Little turnover makes this more of a neighborhood.
  • The bonus room of the loft is an extra feature.

OVERVIEW

Welcome to Willow Creek Cove. Twenty-three units in a great Logan location. There are six buildings. Four of the buildings are four plexes with three bedroom and 2 bath units that are 1700 square feet. One building has four units 1400 SQF and one building has three units 1400 SQF. We have not allowed roommates, but mostly have families, retirees and professional singles. There is little turnover with the average tenancy currently being 3.8 years. As tenants move out we have been replacing the flooring with new carpet and LVT, new sinks and faucets and granite countertops. Currently,14 of the units have been switched over. A 2023 appraisal listed one fourplex at 1.1 mil.

FOR SALE DETAILS

PRICE

$5,832,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

23

PRICE/UNIT

$253,565

CAP RATE

4.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,158 SF

ZONING

-

APN/PARCEL ID

05-048-0005,05-048-0006,05-048-0047,05-048-0048,05-048-0049,05-048-0050

ASK ABOUT THIS PROPERTY

Tom WorthenWorthen Property ManagementMore Info
435-994-0023

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Tom WorthenWorthen Property ManagementMore Info
435-994-0023

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