361 300 Delta, UT 84624
- Commercial real estate
- 8,800 SF
- 0.33 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 361 300
- Year built
- 1979
- Lot size
- 0.33 lot acres
- Property size
- 8,800 SF
- Property type
- Commercial real estate
Description
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.
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
- Delta
- County
- Millard
- State
- Utah
- Longitude
- -112.580988
- Latitude
- 39.3463372
