For Sale
$1,450,000

635 160Vineyard, UT 84059

Four-unit, stabilized rental portfolio in Utah.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a meticulously maintained four-unit multifamily property situated in the desirable Water's Edge master-planned community of Vineyard, Utah. Built in 2016, this single-building complex boasts a total of 6,396 square feet and offers a compelling 4.32% cap rate with a current Net Operating Income (NOI) of $62,589. The property is currently 100% occupied, generating a stable income stream. The four units are comprised of two two-story end units, each featuring two-car garages, and two three-story interior units, each with a one-car garage. All units are identical, offering three bedrooms and 2.5 bathrooms, and are upgraded with attractive features including engineered hardwood floors, black appliances, and blinds. Residents enjoy access to the community's amenities, including two parks, two clubhouses, a swimming pool, and extensive walking trails. Individual unit rents are currently $1,770, $1,865, $1,795, and $1,770 per month, respectively, reflecting strong market demand. The asking price is $1,450,000, or $362,500 per unit. All tenant-owned items are excluded from the sale. The property is professionally managed, with a 7% management fee. This turnkey investment offers a rare opportunity to acquire a high-performing, well-located multifamily asset in a thriving Utah market.

Highlights

  • $1,450,000 asking price for a stabilized multifamily investment property.
  • Four-unit, single-family rental portfolio in Vineyard, UT.
  • 6,396 square feet with a price per square foot of $226.70.
  • 4.32% cap rate and 100% occupancy, generating a net operating income (NOI) of $62,589.
  • Each unit is priced at $362,500, with three bedrooms and 2.5 bathrooms.
  • Built in 2016, located in the Water's Edge master-planned community.

Property Details for 635 160

Property type
Residential income homes
Square Feet
6,396 SF
Year Built
2016
Buildings
1
Units
4

Location Insight

City
Vineyard
County
Utah
State
Utah
Latitude
40.3083886
Longitude
-111.75034374
635 160, Vineyard, Utah

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635 160
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