49 200 Lehi, UT 84043
- Apartment buildings
- 19,154 SF
- 0.97 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 49 200
- Year built
- 1993
- Lot size
- 0.97 lot acres
- Property size
- 19,154 SF
- Property type
- Apartment buildings
Description
This exceptional value-add multifamily investment opportunity presents a rare chance to acquire a 22-unit apartment building in the heart of Lehi, Utah's thriving Silicon Slopes. The property, built in 1993, consists of three buildings totaling 19,154 square feet on a 0.97-acre lot. Currently boasting 100% occupancy, the property generates a Net Operating Income (NOI) of $235,888, representing a 5.24% cap rate with a pro-forma cap rate of 7.40%. The asking price is $4,500,000, translating to $204,545.45 per unit. The complex features 37 parking spaces and is conveniently situated near parks, schools (Meadow Elementary, Willowcreek Middle, and Lehi High), and ample amenities and retailers. Its strategic location within the rapidly growing Silicon Slopes tech corridor ensures strong rental demand and future appreciation potential. The property's masonry construction and two-story buildings offer a solid foundation for future value enhancement. This is an ideal investment for those seeking a high-performing asset with significant upside potential in a prime location. The property's proximity to public transportation, including the FrontRunner and bus lines, further enhances its appeal. This is a truly unique opportunity to capitalize on the robust growth of Lehi, Utah.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lehi
- County
- Utah
- State
- Utah
- Longitude
- -111.852
- Latitude
- 40.3872
