45 600 Mount Pleasant, UT 84647
- Commercial real estate
- 4,169 SF
- 0.53 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 45 600
- Year built
- 2007
- Lot size
- 0.53 lot acres
- Property size
- 4,169 SF
- Property type
- Commercial real estate
- APN
- 16451
Description
This exceptional investment opportunity presents a meticulously maintained four-unit apartment building situated on a 0.53-acre lot in Mount Pleasant, Utah. Constructed in 2007, this two-story building boasts a total of 4,169 square feet and features four spacious three-bedroom, two-bathroom units. Each unit is individually metered for utilities, providing efficient management and cost allocation. The property currently enjoys a 98% occupancy rate, generating a strong net operating income (NOI) of $45,298, with a pro-forma NOI projected at $54,438. This translates to a current cap rate of 4.77% and a pro-forma cap rate of 5.73%, showcasing significant potential for increased profitability. The asking price is $950,000, or $237,500 per unit. The property is zoned R-3, offering flexibility for future development or expansion. Located at 45 E 600 S, Mount Pleasant, UT 84647 (APN 16451), this fee-simple ownership property benefits from a high demand rental market, ensuring consistent cash flow and a secure investment. The building's excellent condition and strong rental history make it an ideal asset for investors seeking a stable and profitable addition to their portfolio. The low inventory in the area further enhances the property's value and potential for long-term growth.
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
- Mount Pleasant
- County
- Sanpete
- State
- Utah
- Longitude
- -111.45453221
- Latitude
- 39.53803723
