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620 East 600 North Logan UT Logan, UT 84321

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159-unit multifamily portfolio near Utah State University.

Property Features for 620 East 600 North Logan UT

General Information

Standard status
Active

Building Details

Year built
1967

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Listing Contact
Chet Barber
Source: Crexi

Listing Agency: Newmark Mountain West Listing Agent: Chet Barber

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multifamily Portfolio Near Utah State

This multifamily portfolio features 159 units across seven buildings within a 27-mile radius of Utah State University. The portfolio includes a former student housing village and six other apartment complexes, consisting of garden-style apartments where utilities are covered by the landlord, and townhomes with separate meters paid by tenants. All apartments have been remodeled within the last three years, with many fully gutted and refurbished with new kitchen cabinets, bathroom fixtures, appliances, paint, and flooring. The apartments have been 100% occupied with minimal downtime between tenants, and rents are currently maintained on the low end of the market, presenting an opportunity to raise rents. The portfolio has supported students and alumni of Utah State University, which has contributed to economic growth and employment in Logan. Population growth has outpaced the production of housing units. The portfolio offering will place the future owner in a position to continue supporting and benefiting from the growth and education of this vibrant area. There are FHA and Freddie Mac loans in place on 5 of the properties which are assumable at 3.8% interest through 2035 (FHA) and 5% interest through 2031 (Freddie Mac).
Location Intelligence

Current Use by Public Records

Scotsman Apartments Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Logan
County
Cache
State
Utah
Longitude
-111.8188294
Latitude
41.7421837

FAQs

What type of property is this?
Apartment building - 159-unit multifamily portfolio near Utah State University.
Where is this apartment building located?
The property is located at 620 East 600 North Logan UT Logan, UT.
What are key features of this property?
This property features: - Assumable FHA and Freddie Mac loans in place on 5 properties at attractive interest rates.; - 100% occupancy maintained for many years.; - Significant upside potential through incremental rent increases.
More about this property
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