556 N 250, Bldg 26, Vineyard, UT 84059
$6,200,000
Property Type:
Commercial Sale
Square Footage:
17,967
Lot Size (sq. ft.):
6,970
Status:
Pending
Current Price:
$6,200,000
List Date:
4/08/2024
Last Modified:
5/17/2024
Description
Hard to find, 3 story modern18 plex apartment building is a fantastic investment. Located in Vineyard, UT within walking distance of the Vineyard UTA station. Quick access to I-15, shopping, movies, restaurants, and just minutes drive from Utah Valley University, BYU, and University of Phoenix.
3 bed 2 bath units= 3 (1,299-1,319)SF/
2 bed 2 bath units=9 (1,020-1,040) SF/
1 bed 1 bath unit = 6 (794-814) SF
Stainless Steel appliances, granite countertops, walk - in closets, Pantry, Family Room, Window Coverings, High Speed Internet Access, Cable ready, Dishwasher, Disposal, Washer/Dryer Hook up, Refrigerator, Oven, Carpet, Vinyl Flooring, Wi-Fi, Wheelchair accessible
On site amenities Include: Public Transportation walking distance, Car charging station, Pet Play area, On site property Maintenance, Leasing office on site, Clubhouse, Fitness Center, Playground, Pool, Hot Tub, Basketball Court, Grill, Lounge/Clubhouse, Picnic area, Lawn care, Bicycle storage, and 100% occupancy ... consistently. Reinvestment Fee upon closing is $12,000
More Information MLS# 12401218
Location Information
Street Number: 556
Street Direction: N
Street Name: 250
Building/Unit #: Bldg 26
State/Province: UT
Zip Code: 84059
County: Utah
Geographic Area: Outside of Summit and Wasatch Counties
Major Area: Other - USA
Area: 60 - National
Contract Info
PC Soil Ordinance: No
Certificate of Compliance: No
PID - Public Infrastructure District: No
Date Listing Effective: 2024-04-06
List Price: $6,200,000
Current Price: $6,200,000
List Price/SqFt: 345.08
Listing also for Lease: No
Listing & Compensation
Owner is Licensee: No
Property Info
Tax ID: 54-316-0026
Apx Taxes: 13257
Tax Year: 2023
Zoning: R-3
Building Name: The Vines Bldg # 26
Legal Description: This is an apartment building. Building has 18 apartments. 1, 2, and 3 bedroom.
Located between Mill Rd. and the Vineyard UTA station.
Construction New: No
Construction Status: Complete
Apx Year Built: 2019
Size of Building/Office/Lot
Apx SqFt Total: 17967
Source of Measurements: Public Records
Apx Acres: 0.16
Source of Lot Measurements: Public Records
Remarks & Misc
Remarks - Public Headline: Rare Investment Opportunity 18 unit Apartment Building. On site Amenities/Management. Built 2018
Remarks - Public: Hard to find, 3 story modern18 plex apartment building is a fantastic investment. Located in Vineyard, UT within walking distance of the Vineyard UTA station. Quick access to I-15, shopping, movies, restaurants, and just minutes drive from Utah Valley University, BYU, and University of Phoenix.
3 bed 2 bath units= 3 (1,299-1,319)SF/
2 bed 2 bath units=9 (1,020-1,040) SF/
1 bed 1 bath unit = 6 (794-814) SF
Stainless Steel appliances, granite countertops, walk - in closets, Pantry, Family Room, Window Coverings, High Speed Internet Access, Cable ready, Dishwasher, Disposal, Washer/Dryer Hook up, Refrigerator, Oven, Carpet, Vinyl Flooring, Wi-Fi, Wheelchair accessible
On site amenities Include: Public Transportation walking distance, Car charging station, Pet Play area, On site property Maintenance, Leasing office on site, Clubhouse, Fitness Center, Playground, Pool, Hot Tub, Basketball Court, Grill, Lounge/Clubhouse, Picnic area, Lawn care, Bicycle storage, and 100% occupancy ... consistently. Reinvestment Fee upon closing is $12,000
Status Change Info
Under Contract Date: 2024-05-16
Status: Pending
Commercial Info
Gross Annual Expenses $: 79,914
Gross Operating Income $: 325303
Net Operating Income $: 245388
Property Features
Terms Offered: 1031 Exchange; Cash; Conventional
Business Type: None; Other
Sale Includes: Building
Building Style: Contemporary; Multi-Story
Exterior: Brick Veneer; Stucco
Foundation: Slab
Roof: Flat
Utilities: Electricity Connected; High Speed Internet Available
Transportation: Bus Service; Curb & Gutter; Road - Paved; Sidewalk
Water: Public
Sewage: Public Sewer
Heating: Electric
Cooling: Ceiling Fan(s); Central Air
Parking Type: Common
Features: Easy Highway Access; Fire Sprinklers; High Visibility; Restrooms - Private
Included in CAM: Common Area Maintenance; Insurance; Internet - High Speed; Janitorial Services; Maint/Repairs Exterior; Sewer; Snow Removal; Trash; Water
Disability Features: Accessible Doors
Own/Land Pays: HOA Dues
Listing Office: Realty ONE Group Distinction
Last Updated: May - 17 - 2024
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