Rented 8-Plex with Off-Street
For Sale
$2,199,000
272 N CENTER ST, American Fork, UT 84003
Eight rental units with off-street parking and tenant storage, with five units fully updated.
Property Size7,096 SF
Price / SF$309.89
Days on Market51
Property Features for 272 N CENTER ST
General Information
Standard status
Active
Size
7,096 SF
Property subtype
> 4 Units
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
8
Building Details
Building Size
7,096 SF
Year Built
1976
Tenancy
Multi
Listing Agency:
Simple Choice Real Estate
(800) 476-1572
Listed By:
Brett Henry · License #5880814
(801) 623-2518
Source:
Liftrealty
Added: Jul 17
Changed: Sep 4
Last Checked: Sep 5 at 5:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Simple Choice Real Estate
Investment Insights
Based on property information with market context.
This property is an 8-unit multifamily building with all units currently rented. Off-street parking is available, and there is storage for every tenant. Five of the eight units have been fully updated, described as remodeled down to the studs with new cabinets, flooring, fixtures, and countertops.
The building is located at 272 N Center St in American Fork, UT. The seller reports projected gross rent of $136,104 for the next 12 months.
With three units remaining to be renovated, the property offers a straightforward rental configuration with multiple units already producing rental income and additional interior updates identified by the seller.
The building is located at 272 N Center St in American Fork, UT. The seller reports projected gross rent of $136,104 for the next 12 months.
With three units remaining to be renovated, the property offers a straightforward rental configuration with multiple units already producing rental income and additional interior updates identified by the seller.
Key Highlights
- 8‑plex built in 1976 with eight rented units
- Projected gross rent of $136,104 for the next 12 months
- Five of the eight units are fully updated with remodeled interiors, new cabinets, flooring, fixtures, and countertops
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 84003, UT
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight rental units with off-street parking and tenant storage, with five units fully updated.
Where is this apartment building located?
The property is located at 272 N CENTER ST American Fork, UT.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 8‑plex built in 1976 with eight rented units; Projected gross rent of $136,104 for the next 12 months; Five of the eight units are fully updated with remodeled interiors, new cabinets, flooring, fixtures, and countertops
