384 W 650 N - Apartments FOR SALE


Payson, UT 84651
$975,000 USD
801-897-7202
384 W 650 N, Payson, UT for Sale
$975,000 USD
Apartments - FOR SALE
1/15
null | 4.77% Cap Rate

384 W 650 N
Payson, UT 84651


HIGHLIGHTS

  • 100% Occupancy
  • Low Maintenance Cost
  • Great Cap Rate

OVERVIEW

Stabilized 4-Plex Investment – 384 W 650 North, Payson, Utah This fully occupied 4-plex delivers strong income and professional management in one of Utah County’s fastest-growing rental markets. With zero vacancy and gross monthly income of $5,600, it’s a performing asset with immediate cash flow. 2025 Projected Performance Gross Monthly Income: $5,600 Gross Annual Scheduled Income: $67,200 Expenses: $21,568 Net Operating Income (NOI): $46,466 Occupancy: 100% Property Value: $975,000 4.77% projected for 2025 *Please note - interior and common area photos are stock photos and not actual units.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

4

PRICE/UNIT

$243,750

CAP RATE

4.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pineridge Farms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

S-1

APN/PARCEL ID

49-929-0005

ASK ABOUT THIS PROPERTY

David SpjuteXp Realty, LLCMore Info
801-897-7202

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David SpjuteXp Realty, LLCMore Info
801-897-7202

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