331 400 E - Apartments FOR SALE


Logan, UT 84321- Adams
$3,355,000 USD
801-628-9178
331 400 E, Logan, UT for Sale
$3,355,000 USD
Apartments - FOR SALE
1/7
null | 5.18% Cap Rate

331 400 E
Logan, UT 84321
Adams


HIGHLIGHTS

  • Proforma Cap Rate 6.5%
  • 16 large studio apartments
  • Remodeled in 2019, totally gutted down to studs
  • New kitchen cabinets and appliances, new bathrooms, large cultured marble showers, new HVAC and water heaters
  • New roof in 2023, resurfaced parking in 2025
  • Tenants pay their own utilities, fully separated meters

OVERVIEW

Within a quarter mile of USU campus, the Logan Canyon Apartments community is well located for students and small families 16 large studio apartments Tenants pay their own utilities, fully separated meters. Remodeled in 2019, totally gutted down to studs, with new kitchen cabinets and appliances, new bathrooms, large cultured marble showers, new HVAC and water heaters New roof in 2023, resurfaced parking in 2025 Landlord charges for WIFI providing an additional revenue stream. Assumable FHA loan through Arbor Financial Group, 3.8% fixed interest, expires 2035 Market rents $1,200. Currently collecting $1,000

FOR SALE DETAILS

PRICE

$3,355,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

16

PRICE/UNIT

$209,688

CAP RATE

5.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Logan Canyon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

06-046-0034

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.