295 E 800 S - Apartments FOR SALE


Brigham City, UT 84302
$8,679,000 USD
801-628-9178
295 E 800 S, Brigham City, UT for Sale
$8,679,000 USD
Apartments - FOR SALE
1/23
null | 5.59% Cap Rate

295 E 800 S
Brigham City, UT 84302


HIGHLIGHTS

  • Proforma Cap Rate 6.5%
  • Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
  • Completely gutted and remodeled with new wiring, plumbing, windows and mechanical equipment
  • Exceptional interior finishes, new kitchens, new cabinets and new appliances, and new fixtures including sinks, vanities, tubs and toilets
  • Resurfaced parking in 2025

OVERVIEW

Only a few blocks away from the Brigham City Campus of USU, the Revive Lofts community houses families within its large units. 8 X 3 bed/1 bath (washer/dryer in unit) 8 large 2 beds/1bath, 4 standard sized 2 beds/1bath, 8 x 1 bed/1bath (washer/ dryer in unit) and 4 studios/1 bath 4 Washers / 4 Dryers no coins. Potential income to replace with coin operated From 2022-2024 the complex was completely gutted and remodeled with new wiring, plumbing, windows and mechanical equipment. Exceptional interior finishes, new kitchens, new cabinets and new appliances, and new fixtures including sinks, vanities, tubs and toilets. Its is virtually a 2024 apartment complex. Resurfaced parking in 2025 Tenants pay their own heating and electricity. Landlord covers all other utilities Landlord charges for WIFI providing an additional revenue stream Assumable Freddie Mac loan at 5% fixed interest, expires October 2031 Market rents: 3 beds $1,800, 2 beds $1,600 and 1 beds $1,400. Currently collecting approximately $300 less than market rents

FOR SALE DETAILS

PRICE

$8,679,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

32

PRICE/UNIT

$271,219

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Revive Lofts Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

55

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

R-M-15

APN/PARCEL ID

03-215-0003

ASK ABOUT THIS PROPERTY

Chet BarberNewmark Mountain WestMore Info
801-628-9178

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Chet BarberNewmark Mountain WestMore Info
801-628-9178

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