361 300 Delta, UT 84624
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19-Unit Apartment Building, High NOI
Property size:
8,800 SFProperty Features for 361 300
General Information
- Property type
- Multifamily properties
- Square Feet
- 8,800 SF
- Class
- C
- Lot Size
- 14,375 SF
Building Details
- Year Built
- 1979
- Buildings
- 2
- Stories
- 1
- Units
- 19
Listing Agency: cRc Nationwide Listing Agent: Sam Christensen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional multifamily investment opportunity presents a 19-unit apartment building located at 361 S 300 W Rd, Delta, UT 84624. The property boasts a total of 8,800 square feet situated on a 0.33-acre lot. The building, constructed in 1979, comprises two one-story structures. The unit mix includes eleven one-bedroom units (400 sq ft each) and eight two-bedroom units (500 sq ft each). Many units have been remodeled. On-site amenities include a laundry room and additional storage space. The property enjoys convenient access to SR 6. Financial highlights include an asking price of $2,700,000, a price per square foot of $306.82, a price per unit of $142,105.26, a net operating income (NOI) of $220,000, and a cap rate exceeding 8.15%. This well-maintained property offers a strong return on investment and presents a compelling opportunity for an astute investor seeking a stable, cash-flowing asset in a desirable location. The property's strong NOI and attractive cap rate make it an ideal addition to any portfolio. The convenient location and existing amenities further enhance its appeal. This is a turnkey investment ready for immediate income generation.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Delta
- County
- Millard
- State
- Utah
- Longitude
- -112.580988
- Latitude
- 39.3463372
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FAQs
What type of property is this?
Multifamily property - 19-Unit Apartment Building, High NOI
Where is this multifamily property located?
The property is located at 361 300 Delta, UT.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 19-unit multifamily property in Delta, UT, totaling 8,800 square feet on a 0.33-acre lot.; Asking price: $2,700,000, representing $306.82 per square foot and $142,105.26 per unit.; Net Operating Income (NOI): $220,000, yielding a cap rate exceeding 8.15%.
