943 Chapel Dr Bountiful, UT 84010-5935
Property Lookup
Property profile & analytics
943 Chapel Dr Bountiful, UT 84010-5935
- Residential income homes
- 3,720 SF
- 0.27 lot acres
Property ID
US86-0783605
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bountiful Shadows Apartments / Apartment Building / Apartment Complex
Property Details for 943 Chapel Dr
- Year built
- 1953
- Construction
- FRAME
- Lot size
- 0.27 lot acres
- Property size
- 3,720 SF
- Zone code
- R-3-13
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 03-048-0053
- APU
- 30480053
Description
This exceptional 8-unit apartment building, located at 943 Chapel Dr, Bountiful, UT 84010, presents a compelling value-add investment opportunity. The property boasts 6,290 square feet of net rentable space across two, two-story buildings situated on a 0.43-acre lot. Built in 1954 and extensively renovated in 2022, the property features modern amenities in each unit, attracting a diverse tenant base. Currently generating a NOI of $95,962, with a pro-forma NOI projected at $103,694, this property offers a 4.80% cap rate and a pro-forma cap rate of 5.18%. The asking price is $2,000,000, translating to $250,000 per unit and $317.97 per square foot. The property is zoned for multifamily use and includes 8 parking spaces. Its prime location in Bountiful, Utah, within a desirable neighborhood, ensures strong rental demand and historically low vacancy rates. Significant expense reduction potential exists under experienced management, further enhancing the property's investment appeal. The property's convenient access to major transportation routes and local amenities adds to its overall attractiveness. This is a fee simple ownership opportunity with APN numbers #030480054 and #030480053.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Bountiful
- County
- Davis
- State
- Utah
- Longitude
- -111.883
- Latitude
- 40.899
- CBSA code
- 36260
- CBSA name
- OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,361
$133,250
$282,549
$415,800
-
$242,274
$513,726
$756,000
