1125 West 250 South #3 American Fork, UT 84003

$5,900,000
33
Beds
30
Baths
0.59
Acres
17,967
SQFT
328
$/SQFT
$5,900,000
33
Beds
30
Baths
17,967   sf
$328 / sf
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Rare Investment Opportunity! Stabilized new 18 unit Apartment Building. On site management. Built 2024. Hard to find, 3-story modern 18-plex apartment building is a fantastic investment. Owner prefers to close after 01/01/2025, however Owner would consider December closing with a strong offer. 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. Please see the OM for more info. 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. Viewing information: Please call for an appointment. Agent must coordinate with on site management for tour of the actual building. 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.

Rare Investment Opportunity! Stabilized new 18 unit Apartment Building. On site management. Built 2024. Hard to find, 3-story modern 18-plex apartment building is a fantastic investment. Owner prefers to close after 01/01/2025, however Owner would consider December closing with a strong offer. 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. Please see the OM for more info. 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. Viewing information: Please call for an appointment. Agent must coordinate with on site management for tour of the actual building. 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Utah
  • Area
    Am Fork; Hlnd; Lehi; Saratog.
  • HOA Dues
    $3,184/mo
  • Tax Amount
    $3,735
  • Status
    Active
  • Listing #
    2023329
  • Built
    2024
  • Lot Size
    0.59
  • Listed on site
    5 days
  • Complex / Subdivision
    THE YARD
  • Acres Range
    0.59

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Source:
Utah Real Estate

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Property details

Community Features

  • Community Pool
  • Has HOA

View

  • Lake view

Exterior features

  • No Pool
  • Parking - RV / Boat
  • Balcony
  • Parking

Interior Features

  • Heat Electric
  • Carpet Floors

Financing

  • Cash
  • Conventional Financing
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