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    1125 250 American Fork, UT 84003

    Sponsored
    For Sale
    $5,900,000

    Luxury 18-unit building, prime location.

    Property size:
    17,966 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18-unit apartment building, constructed in 2024, presents a rare investment opportunity in American Fork, Utah. The Class A, three-story property boasts 17,966 square feet on a 0.59-acre lot and features a desirable unit mix: three 3-bedroom/2-bathroom units, nine 2-bedroom/2-bathroom units, and six 1-bedroom/1-bathroom units, all with patios or balconies. Currently operating at 95% occupancy, the building offers a stabilized pro-forma NOI of $261,147 and a pro-forma cap rate of 4.43%. Modern amenities include a clubhouse, pool, and hot tub, with a gym currently under construction. Units showcase open floor plans, large windows, wood-type flooring, granite countertops, upgraded white cabinets, and 9-foot ceilings. The building's prime location offers convenient access to the American Fork TRAX station and I-15, placing residents near shopping, dining, and entertainment. Current rents are below market, presenting significant potential for future rent increases. The asking price is $5,900,000, or $327,778 per unit. The property is zoned MF and has a permitted zoning designation. The seller prefers a closing after January 1, 2025, but will consider a December closing with a strong offer. All information is deemed reliable but not guaranteed; buyer is responsible for verification.

    Property Features for 1125 250

    General Information

    Property type
    Multifamily properties
    Square Feet
    17,966 SF
    Class
    A
    Lot Size
    25,700 SF

    Building Details

    Year Built
    2024
    Stories
    3
    Units
    18

    HighLights

    • Rare investment opportunity: 18‑unit, stabilized Class A apartment building in American Fork, UT, built in 2024, offering a 4.43% pro‑forma cap rate and 95% occupancy.
    • Modern, three‑story building with on‑site management.
    • Excellent location: Walkable to American Fork TRAX station and I‑15, near shopping and dining.
    • Amenities include a clubhouse, pool, hot tub, and gym (under construction).
    • Modern units feature open floor plans, large windows, wood‑look flooring, granite countertops, upgraded cabinets, and 9‑foot ceilings.
    • Below‑market rents with significant upside potential. Unit mix: 3 three‑bedroom/two‑bath, 9 two‑bedroom/two‑bath, and 6 one‑bedroom/one‑bath units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    American Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.8274315
    Latitude
    40.3716427

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 18-unit building, prime location.
    Where is this multifamily property located?
    The property is located at 1125 250 American Fork, UT.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: Rare investment opportunity: 18-unit, stabilized Class A apartment building in American Fork, UT, built in 2024, offering a 4.43% pro-forma cap rate and 95% occupancy.; Modern, three-story building with on-site management.; Excellent location: Walkable to American Fork TRAX station and I-15, near shopping and dining.
    Request Owner's contact information
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    American Fork, UT 84003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1125 250 American Fork, UT 84003
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