35 500 Mount Pleasant, UT 84647

This exceptional investment opportunity presents a well-maintained four-unit apartment building situated on a 0.33-acre lot in Mount Pleasant, Utah. The property, located at 35 W 500 S, boasts a total of 4,351 square feet and comprises two, two-story buildings, each featuring two townhome-style units. Built in 1997, the property includes four 2-bedroom, 1.5-bathroom units, each with a downstairs half-bath, kitchen, and family room, and upstairs bedrooms and full bathroom. Four additional storage units are located at the rear of the property. The current occupancy rate is 98%, generating a Net Operating Income (NOI) of $42,150, with a pro-forma NOI of $52,678, representing a 4.96% cap rate and a pro-forma cap rate of 6.20%. All utilities are separately metered for efficient management. The asking price is $850,000, or $212,500 per unit. The property is zoned R-3 and features a fee simple ownership. Square footage is an estimate obtained from county records