Description
NOI $465,717, 5.82% cap rate. Offered is a premium 36 unit multi-fam asset built in 2020, stabilized and ready to perform with low hassle and maintenance for years to come! Two story building with extra wide climate controlled interior hallways, common interior leisure area with historical elements to the old Rees School. Details and finishes that well exceed the standard for comparable properties. Abundant parking including 18 covered spaces and 18 detached garages, 84 total spaces plus on street. Fiber optic internet in each unit that's hardwired into all rooms. All utility room access is from common hall. Expansive courtyard style green space with pavilion. Smart camera system and smart eco friendly landscape irrigation. Property has a 81 walk score, two minutes from I15, shopping and restaurants. Floor drains in each laundry room. Extra revenue from garage units, covered parking, premium unit features, direct courtyard access and amenity fee. . Full financials and disclosures available upon qualified request. Please call with any questions. Property website is rees.apartments for additional info.
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57BEDS
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2.04ACRES
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0BATHS
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01/2 BATHS
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40,381SQFT
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$198$/SQFT
School Information
Description
NOI $465,717, 5.82% cap rate. Offered is a premium 36 unit multi-fam asset built in 2020, stabilized and ready to perform with low hassle and maintenance for years to come! Two story building with extra wide climate controlled interior hallways, common interior leisure area with historical elements to the old Rees School. Details and finishes that well exceed the standard for comparable properties. Abundant parking including 18 covered spaces and 18 detached garages, 84 total spaces plus on street. Fiber optic internet in each unit that's hardwired into all rooms. All utility room access is from common hall. Expansive courtyard style green space with pavilion. Smart camera system and smart eco friendly landscape irrigation. Property has a 81 walk score, two minutes from I15, shopping and restaurants. Floor drains in each laundry room. Extra revenue from garage units, covered parking, premium unit features, direct courtyard access and amenity fee. . Full financials and disclosures available upon qualified request. Please call with any questions. Property website is rees.apartments for additional info.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-03-23T18:38:28.743. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.