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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.
| DAYS ON MARKET | 82 | LAST UPDATED | 9/30/2024 |
|---|---|---|---|
| TRACT | THE YARD | YEAR BUILT | 2024 |
| COMMUNITY | Am Fork; Hlnd; Lehi; Saratog. | COUNTY | Utah |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Trailside Elementary |
|---|---|
| Jr. High School | Orem |
| High School | Mountain View |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AMENITIES | Cable TV, Insurance, Maintenance Grounds, Sewer, Trash, Water |
| APPLIANCES | Dishwasher, Disposal, Oven, Range |
| AREA | Am Fork; Hlnd; Lehi; Saratog. |
| CONSTRUCTION | Brick, Stucco |
| EXTERIOR | Balcony, Lighting |
| HEAT | Central, Electric, Forced Air, Natural Gas |
| HOA DUES | 3184|Monthly |
| INTERIOR | Granite Counters, Walk-In Closet(s) |
| LOT | 0.59 acre(s) |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| SEWER | Public Sewer |
| STYLE | Stories: 3 |
| SUBDIVISION | THE YARD |
| TAXES | 3735 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Mountain(s) |
| ZONING | R3 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Sky Realty Company, LLC
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