Apartment Community with
For Sale
$7,200,000
679 S 200 E, Brigham City, UT 84302
Multifamily community with updated residences, shared amenities, on-site management, and separately rented storage sheds.
Property Size48,384 SF
Lot Size2.00 Acres
Price / SF$148.81
Days on Market56
Property Features for 679 S 200 E
General Information
Standard status
Active
Size
48,384 SF
Lot size
2.00 Acres
Property subtype
> 4 Units
Units
Unit Mix
36 x 2BR/1BA, 1 x 3BR, 1 x 1BR, 1 x 4BR manufactured home
Multifamily Units
39
Amenities
laundry facility
on-site management office
playground
gazebo
Building Details
Building Size
48,384 SF
Year Built
1944
Buildings
9
Listing Agency:
Besst Realty Group LLC
(801) 782-4575
Listed By:
Rebecca Cammack
(801) 718-6878
Source:
Liftrealty
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 5 at 7:33PM
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 Besst Realty Group LLC
Investment Insights
Based on property information with market context.
This multifamily property spans approximately 2 acres and includes nine residential buildings, a 2,280-square-foot manufactured home with four bedrooms, and a dedicated laundry facility. An on-site management office, playground, gazebo, green space, and ample parking are also part of the community. Twenty storage sheds are separately rented, adding a distinct component to the property’s operations.
Nearly every apartment has been updated, with many residences featuring newer appliances. Property improvements include newer windows and exterior doors throughout, while the roofs were replaced within the past 10 years. The asset was built in 1944 and includes a mix of residential buildings with four-unit and five-unit configurations. HUD assistance is currently in place, with income-restricted and market-rate occupancy described in the property information.
Nearly every apartment has been updated, with many residences featuring newer appliances. Property improvements include newer windows and exterior doors throughout, while the roofs were replaced within the past 10 years. The asset was built in 1944 and includes a mix of residential buildings with four-unit and five-unit configurations. HUD assistance is currently in place, with income-restricted and market-rate occupancy described in the property information.
Key Highlights
- Approximately 2 acres with nine residential buildings
- 2,280‑square‑foot manufactured home with 4 bedrooms
- 20 separately rented storage sheds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$439,848
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,796,960
$8.8M
Cap Rate 7%
$6,283,543
$6.3M
Cap Rate 9%
$4,887,200
$4.9M
Market Conditions
NOI Build-Up for 48,384 SF
Gross rent
$853.5K $17.64/SF
− Vacancy
−$53.8K −$1.11/SF
EGI
$799.7K $16.53/SF
− OpEx
−$359.9K −$7.44/SF
NOI
$439.8K $9.09/SF
Area
Box Elder County, UT
Vacancy
6.30%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,796,960
Cap Rate 7%
$6,283,543
Cap Rate 9%
$4,887,200
Alternative Uses
Best Use
Apartment 5plus
$6.28M
$5.50M – $7.33M
NOI $439,848 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.56M
$10.99M – $14.66M
NOI $879,538 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
39
Residential units
Location Intelligence
Trade Area within ½ mile
420
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily community with updated residences, shared amenities, on-site management, and separately rented storage sheds.
Where is this apartment building located?
The property is located at 679 S 200 E Brigham City, UT.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Approximately 2 acres with nine residential buildings; 2,280‑square‑foot manufactured home with 4 bedrooms; 20 separately rented storage sheds
