Remodeled 14-Unit Apartment
718 - 818 Orchard Drive Bountiful, UT 84010
718 - 818 Orchard Drive, Bountiful, UT, 84010
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For Sale
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Pending
Fourteen-unit apartment complex with recent unit remodels and washer/dryer hookups across all units.
Days on Market105
Property Features for 718 - 818 Orchard Drive
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Equity Real Estate - Buckley-Branch
Listed by
Matthew Dean · License #UT 9369428
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 10:34PM Checked: Jul 22 at 10:34PM
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Investment Insights
Based on property information with market context.
This 14-unit apartment complex offers remodeled living units and well-maintained common systems. The seller recently remodeled 9 of the 14 units within the last three years and has invested over $180,000 in improvements including new swamp coolers, A/C condensers, remodeling, windows, roofs, and ongoing maintenance. All units include washer/dryer hookups. Cooling and HVAC vary by unit, with 2 units having A/C, 7 units using swamp coolers, and 5 basement units using window cooler units. The property also includes basement storage space of about 700 square feet that could be used to generate additional rental income.
The complex is located on Orchard Drive in East Bountiful, UT. The owner pays the gas bill for 13 of the 14 units, and the property has three gas meters serving the premises.
As-IS sale. The transaction includes an assumable note option for 4% from the original builder/owner that is in the first position; the remaining balance on the trust deed note is $621,622.48 and will be paid off on 12/30/2037. Seller is not open to carrying the trust deed note on the remaining balance. Buyer is advised to obtain an independent measurement, and tenants must not be disturbed.
The complex is located on Orchard Drive in East Bountiful, UT. The owner pays the gas bill for 13 of the 14 units, and the property has three gas meters serving the premises.
As-IS sale. The transaction includes an assumable note option for 4% from the original builder/owner that is in the first position; the remaining balance on the trust deed note is $621,622.48 and will be paid off on 12/30/2037. Seller is not open to carrying the trust deed note on the remaining balance. Buyer is advised to obtain an independent measurement, and tenants must not be disturbed.
Key Highlights
- 14‑unit apartment complex in East Bountiful, UT with washer/dryer hookups in all units
- Owner remodeled 9 of the 14 units within the last 3 years; seller reports $180,000+ spent on improvements
- Assumable/ seller‑financed note at 4%: remaining trust deed balance $621,622.48 paid off 12/30/2037 (first position)
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FAQs
What type of property is this?
Apartment building - Fourteen-unit apartment complex with recent unit remodels and washer/dryer hookups across all units.
Where is this apartment building located?
The property is located at 718 - 818 Orchard Drive Bountiful, UT.
What are key features of this property?
This property features: 14‑unit apartment complex in East Bountiful, UT with washer/dryer hookups in all units; Owner remodeled 9 of the 14 units within the last 3 years; seller reports $180,000+ spent on improvements; Assumable/ seller‑financed note at 4%: remaining trust deed balance $621,622.48 paid off 12/30/2037 (first position)
