Current Use by Public Records
- Residential income homes
Property Details for 136 Abbeville Ct
- Year built
- 2023
- Property type
- Residential income homes
Description
This exceptional Class A multifamily investment opportunity presents four luxurious, fully leased townhomes situated on four separate parcels in Sandy, Utah. Completed in 2023, this stabilized portfolio boasts a 5.50% cap rate and a strong net operating income (NOI) of $129,000. Each unit offers approximately 2,183-2,185 square feet of living space, featuring open floor plans, abundant natural light, laminate flooring, stainless steel appliances, and in-unit washer/dryers. The townhomes also include two-car garages. All units are currently occupied at 100% occupancy with staggered lease expirations, providing immediate cash flow and long-term stability. The property's prime location offers convenient access to world-class skiing (30 minutes), downtown Salt Lake City, and the Salt Lake City International Airport (both within 20 minutes). Individual unit sizes vary slightly, totaling 8,736 square feet across the four units. The asking price is $2,350,000, or $587,500 per unit. The property includes a homeowner's association (HOA) fee of $175 per unit per month, with additional income generated from internet and pet rent. Parcel IDs are 2231304037, 2231304038, 2231304039, and 2231304040. Property tours are available upon accepted offer.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sandy
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.887
- Latitude
- 40.6002
