Building Details

Building Size 3,474 SF

Year Built 2024

Listing Agency: Real Estate Exchange, Inc.

Listed By: Candice Kunz Show Phone

Source: Doxeygroup

Added: Jun 22 Changed: Oct 26 Last Checked: Oct 26 at 2:58PM

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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 Real Estate Exchange, Inc.

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Investment Insights

Based on property information with market context.

Built in 2024, the three-story townhome units include a primary suite with three bedrooms and two bathrooms. The second level has an open living area connected to the kitchen, a half bath, and a private deck or patio. Each unit also has a two-car garage, and lake views are noted.

Units are individually platted and may be acquired in groups ranging from two to 16. The HOA covers water, sewer, garbage, and maintenance.

Key Highlights

• Individually platted units available in groups of 2 to 16
• Built in 2024
• Three bedrooms and two bathrooms in the primary suite

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,296

Cap Rate

4.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$685,920 $685.9K

Cap Rate 7%

$489,943 $489.9K

Cap Rate 9%

$381,067 $381.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,474 SF

Gross rent

$52.1K $15.00/SF

− Vacancy

−$3.1K −$0.90/SF

EGI

$49.0K $14.10/SF

− OpEx

−$14.7K −$4.23/SF

NOI

$34.3K $9.87/SF

Area

Box Elder County, UT

Vacancy

5.98%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$685,920

Cap Rate 7%

$489,943

Cap Rate 9%

$381,067

Alternative Uses

Best Use

Multifamily LT 5

$489.9K

$428.7K – $571.6K (±1% cap)

NOI $34,296 @ 7.0% cap · market cap 4.76%

Second Best

Apartment 5plus

$451.2K

$394.8K – $526.4K (±1% cap)

NOI $31,581 @ 7.0% cap · market cap 4.39%

Theoretical Best

Office A

$902.2K

$789.4K – $1.05M (±1% cap)

NOI $63,151 @ 7.0% cap · market cap 8.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 84302, UT

26,564

Population

9,355

Households

2.8

Avg Household Size

34

Median Age

30%

College-Educated

93%

High-School Grad

79.5 sq mi

ZIP Area

334

Density / Sq Mi

$75,247

Median Household Income

$39,468

Median Earnings

$957

Median Rent

$343,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Individually platted townhome units offer flexible acquisition in groups of two to 16.

Where is this duplex located?

The property is located at 2925 S HWY 89 #11 Perry, UT.

What is the asking price?

The asking price for this property is $720,000.

What are key features of this property?

This property features: Individually platted units available in groups of 2 to 16; Built in 2024; Three bedrooms and two bathrooms in the primary suite