Utah Multi-Family For Sale

- 8,800 SF MULTI-FAMILY BUILDING - (19) UNITS TOTAL - (11) ONE BEDROOM UNITS AT 400 SF - (8) TWO BEDROOM UNITS AT 500 SF - REMODELED UNITS - SITE SIZE: 0.33 ACRES - LAUNDRY ROOM ON SITE - ADDITIONAL STORAGE SPACE - NEARBY ACCESS TO S.R. 6 CAP RATE: 5.5% PURCHASE PRICE: $1,800,000.00 UNITS RENT BETWEEN $500.00 - $900.00 PER MONTH 361 SOUTH 300 WEST, DELTA, UTAH 84624 For more information on this property, please contact Sam Christensen at 801.361.9798 or by email at sam.christensen@crcnationwide.com. Sam is a licensed real estate agent in the State of Utah and is affiliated with cRc nationwide Real Estate Brokerage.

This sale includes 4 buildings and 112 units. After the buildings were renovated in 1995 Pauline Downs became a part of the Low Income Housing Tax Credit Program (LIHTC), which requires all tenants to qualify as 'low income'. The commitment at the time was for 99 years, leaving 72 years left. The max allowable rents are released each year by HUD. Property management conducts rent increases each year during lease renewals. The subject property has historically received increases in the max allowable rents which provides an opportunity for buyers to continue to achieve rent increases each year. In May 2020 a fire burned down the Embassy Apartments, the building located at 120 S 300 E which included 32 units. It left the units unrentable. When the current owners purchased the building, they began construction to rebuild the burned units which were completed in July of 2022. As part of the construction extensive renovations were completed including: New flooring, New paint, Entire 4th floor gutted to studs and rebuilt, New plumbing throughout, Some updates to electrical throughout, All new electric on 4th floor, New shower surrounds, New shower hardware, New light fixtures, New toilets, New vanities in all bathrooms, New cabinets in all kitchens, New granite counters in all kitchens, New stainless steel appliances, Exterior paint, New boiler system installed prior to fire and reactivated after construction, All new roof structure and roof with upgraded seismic strapping for roof system. Includes Tax ID's: 16-06-129-014, 16-06-129-015, 16-06-129-016, and 16-06-129-017. Make offers subject to inspection. See attached brochure for financials and more information. Owner/Agent. This sale includes 4 buildings and 112 units. After the buildings were renovated in 1995 Pauline Downs became a part of the Low Income Housing Tax Credit Program (LIHTC), which requires all tenants to qualify as 'low income'. The commitment at the time was for 99 years, leaving 72 years left. The max allowable rents are released each year by HUD. Property management conducts rent increases each year during lease renewals. The subject property has historically received increases in the max allowable rents which provides an opportunity for buyers to continue to achieve rent increases each year. In May 2020 a fire burned down the Embassy Apartments, the building located at 120 S 300 E which included 32 units. It left the units unrentable. When the current owners purchased the building, they began construction to rebuild the burned units which were completed in July of 2022. As part of the construction extensive renovations were completed including: New flooring, New paint, Entire 4th floor gutted to studs and rebuilt, New plumbing throughout, Some updates to electrical throughout, All new electric on 4th floor, New shower surrounds, New shower hardware, New light fixtures, New toilets, New vanities in all bathrooms, New cabinets in all kitchens, New granite counters in all kitchens, New stainless steel appliances, Exterior paint, New boiler system installed prior to fire and reactivated after construction, All new roof structure and roof with upgraded seismic strapping for roof system. Includes Tax ID's: 16-06-129-014, 16-06-129-015, 16-06-129-016, and 16-06-129-017. Make offers subject to inspection. See attached brochure for financials and more information. Owner/Agent.

9th and 9th Investment opportunity. There is room to raise rents to boost returns. Current rents and leases: Unit 1 $2,500/mo and ends 7/31/2022, Unit 2 $1,295 and ends 7/31/2022, Unit 3 $1,275 and ends 11/30/2022, Unit 4 is $1,350 and ends 6/30/2023. The rents shown in the unit configuration are based on proforma numbers. There is a shared on-site laundry area and a good sized parking lot in the back. Buyer is advised to obtain an independent measurement. Seller will be doing 1031 exchange. Call/text Porter Criddle for showings or more information at 801-694-5291. 9th and 9th Investment opportunity. There is room to raise rents to boost returns. Current rents and leases: Unit 1 $2,500/mo and ends 7/31/2022, Unit 2 $1,295 and ends 7/31/2022, Unit 3 $1,275 and ends 11/30/2022, Unit 4 is $1,350 and ends 6/30/2023. The rents shown in the unit configuration are based on proforma numbers. There is a shared on-site laundry area and a good sized parking lot in the back. Buyer is advised to obtain an independent measurement. Seller will be doing 1031 exchange. Call/text Porter Criddle for showings or more information at 801-694-5291.

Beautiful brick side by side duplex in the heart of Sugarhouse. Both units have been well cared for and have long term tenants with rents that are well below market. Both units have 3 bedrooms, 1 bathroom, two living rooms, washer/dryer hookups, and an unfinished storage area. Each unit has access to a detached garage for storage/parking. Please make offers subject to inspection. Measurements are provided as a courtesy only. Both tenants are on Month to Month Leases. Buyer/buyer agents are advised to obtain independent measurements. Owner/agent. Contact Porter Criddle for further information: 801-747-9502 One of the cleanest and best kept duplexes you will find in a prime Sugarhouse location. Brand new roof installed in 2019. Both units feature 3 bedrooms 1 bathroom, central heating and air, beautiful original hardwood floors, a dethatched garage for parking, and an unfinished portion of the basement that gives an opportunity to add additional bedrooms/bathroom. This area always rents very well! Both units have long term tenants that are on month to month leases and are below market. Measurements are estimates only. Buyer is advised to obtain independent measurement. Showings must be coordinated with the listing agent. Owner/agent. Contact Porter Criddle for further information: 801-747-9502

Close to Hwy 89 and I-15

This property is just minutes off of a major freeway and less than a mile away from the Maverik Center

The Marmalade District is named after the jam made from the many fruit trees that line the streets. As one of the oldest districts in Salt Lake City, this area of West Capitol Hill has some of the richest character and history in the city. Located just north of downtown, the Marmalade District remains a strong community of professionals who work in the city or take the nearby train to other locations in the valley. Salt Lake City is ranked #20 by Forbes as a best place for a business and career. With a high median household income of $71,389 and an unemployment rate of 3%, Salt Lake City remains a strong market with great underlying demographics. Easy access to outdoor amenities in the Wasatch Front and Park City, as well as a rich sports culture with the Utah Jazz and University of Utah sports teams, and night life make Salt Lake City an attractive place to live. This turnkey 7-Plex in the Marmalade district is a rare find for Salt Lake City investors. The property is located close to I-15 exits and is walking distance to downtown and TRAX/Frontrunner stations. Recent upgrades include appliance packages, roof repairs, pipe replacements, foundation work, and other interior renovations. The property used to be LDSBC student housing and is being converted to market rate housing. Loan terms provided by Steve Lowell, Managing Director of Capital Markets at The Yellowstone Group (steve@tygcre.com) Listed square footage amounts are estimates and are to be confirmed by buyer.

Quiet, friendly neighborhood with easy access to major highways, shopping and entertainment. Located in the rapidly growing city of Ogden, this is a great investment property with low vacancy rate is just minutes away from downtown. Three minute drive time to Ogden Commuter Rail, and an eleven minute commute to Roy Commuter Rail. Walking distance to the downtown Ogden area. SVN | ALTA COMMERCIAL is pleased to present this unique 13 unit apartment complex. The current owners of this apartment complex has owned and maintained the property for 28 years, showing pride of ownership, each unit is in great condition and has been routinely improved and remodeled as tenants have vacated. One unit will be renovation when current tenant vacates the unit in June 2018, which will raise the rent from $550 per month to $700. The parking lot was re-poured last year with reinforced concrete and the covered parking will accommodate 8 vehicles.