620 East 600 North Logan UT Logan, UT 84321

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).