265 670 Vineyard, UT 84059

Exceptional investment opportunity in Vineyard, Utah, presents this Class A, 18-unit apartment building, boasting 100% occupancy. This stabilized multifamily property, built in 2017, features a total of 17,967 square feet across three stories on a 0.16-acre lot. The building comprises a mix of unit sizes: three 3-bedroom/2-bathroom units (1299 sq ft each), nine 2-bedroom/2-bathroom units (1020 sq ft each), and six 1-bedroom/1-bathroom units. All units include granite countertops, stainless steel appliances, pantries, walk-in closets, vinyl flooring, and window coverings. The property enjoys a prime location near I-15, restaurants, shopping, and a UTA station. Average monthly rent is $1,564, ranging from $1,315 to $1,950. Attractive amenities include a gym, swimming pool, hot tub, pet play area, basketball courts, pickleball courts, clubhouse, EV charging station, and grills. The asking price is $6,100,000, representing a price per unit of $338,888 and a 4.20% cap rate with a current NOI of $260,956. An option to assume the seller's loan at a low interest rate of 4.3% is available. Property financials and rent rolls are available upon request. The property's APN is 54-316-0002. Permitted zoning is Multi-Family.