For Sale
For Sale
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Overview
Twin Creek is one of a few market-rate multi-family communities in the Logan area as most communities are student housing. This adds appeal to small families seeking the townhome floorplans and professionals working at Logan Regional Hospital with its 1,200 employees, and Utah State University with approximately 4,350 faculty and staff members, and ICON Health & Fitness with over 1,200 employees. With over 37% of the population holding 4-year university degrees, Logan, Utah was rated the #3 Best Small Places for Business and Careers according to Forbes Best Places, with unemployment at 3.1% and 3.5% job growth with a cost of living at 9.5% below the national average. Twin Creek Apartments, located in Logan, Utah consists of 123 units and features 1 Bedroom/1 Bathroom, 2 Bedroom/1 Bathroom, and 2 Bedroom/1.5 Bathroom (townhome) floor-plans. Constructed in 3 phases (1978,1984, and 1985), Twin Creek is situated on 3.94 acres and has excellent curb exposure on 400 East directly across the street from Logan Regional Hospital. Twin Creek residents enjoy a park-like environment with its low-density feel with well-manicured mature landscaping and mountain vistas. The community is within walking distance to grocery stores, several restaurants and major retailers such as Lowes, Walmart, Sam’s Club, Home Depot and JC Penny, catering to the needs of the diverse resident demographic. Each apartment home at Twin Creek has been renovated which includes new floor coverings, updated appliances, pain, window coverings and cabinet/counter refinishing.
Property Details
Twin Creek is one of a few market-rate multi-family communities in the Logan area as most communities are student housing. This adds appeal to small families seeking the townhome floorplans and professionals working at Logan Regional Hospital with its 1,200 employees, and Utah State University with approximately 4,350 faculty and staff members, and ICON Health & Fitness with over 1,200 employees. With over 37% of the population holding 4-year university degrees, Logan, Utah was rated the #3 Best Small Places for Business and Careers according to Forbes Best Places, with unemployment at 3.1% and 3.5% job growth with a cost of living at 9.5% below the national average. Twin Creek Apartments, located in Logan, Utah consists of 123 units and features 1 Bedroom/1 Bathroom, 2 Bedroom/1 Bathroom, and 2 Bedroom/1.5 Bathroom (townhome) floor-plans. Constructed in 3 phases (1978,1984, and 1985), Twin Creek is situated on 3.94 acres and has excellent curb exposure on 400 East directly across the street from Logan Regional Hospital. Twin Creek residents enjoy a park-like environment with its low-density feel with well-manicured mature landscaping and mountain vistas. The community is within walking distance to grocery stores, several restaurants and major retailers such as Lowes, Walmart, Sam’s Club, Home Depot and JC Penny, catering to the needs of the diverse resident demographic. Each apartment home at Twin Creek has been renovated which includes new floor coverings, updated appliances, pain, window coverings and cabinet/counter refinishing.
- Property TypeOffice
- Sale Price$11,500,000
- Total Acres1.71
- Cap Rate7.0%
- Number of Floors3
- Property ID1599049