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8464 W State Hwy

Copperton, UT 84006
  • $2,300,000
  • STATUS: Active Under Contract
  • ON SITE: 83 Days
  • ID#: 1793648
Under Contract
UPDATED: 30 min ago
$2,300,000
  • 22
    BEDS
  • 1.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,312
    SQFT
  • $173
    $/SQFT
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

VALUE ADD OPPORTUNITY! Property has been self-managed at a 4.4% cap rate. Excellent opportunity to introduce professional management, remodel the units, increase rents, and improve the cap rate. 1-bed units have been renting for $685, though 2 1-bed units are being turned and should be rented at $725 - 750 within a week. 100% occupancy otherwise. The Canyon Apartments have been a trusted housing option in the Copperton area for decades. Located west of Mountain View Corridor, this property is excellently located to support the growing housing & employment market in the western part of Salt Lake County. This 15-unit apartment complex features 9 1-bedroom, 5 2-bedroom, and 1 3-bedroom apartment that includes a deck and 2-car garage. Property includes plenty of parking & 7 carports with usage based on seniority. Buyer/agent to verify all data, including but not limited to unit square footage sizes. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Please do not disturb tenants. Call agents for showing details/appointments. Additional land (MLS 1794434, $400k, .31 acre) for sale adjacent to the property where the dumpster currently sits, which may allow expansion of the apartments (buyer to verify). See agent remarks for important notes & disclosures.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-05-20T19:38:43.317. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.goberealty.com/homes/126136336
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8464 W State Hwy Copperton, UT 84006

  • Price: $2,300,000
  • Status: Active Under Contract
  • On Site: 83 Days
  • Updated: 30 min ago
  • ID#: 1793648
22
Beds
0
Baths
0
½ Baths
1.22
Acres
13,312
SQFT
$173
$/SQFT
1961
Built
Neighborhood:
Wj; Sj; Rvrton; Herriman; Bingh
County:
Salt Lake
Area:
Wj; Sj; Rvrton; Herriman; Bingh
Property Description
VALUE ADD OPPORTUNITY! Property has been self-managed at a 4.4% cap rate. Excellent opportunity to introduce professional management, remodel the units, increase rents, and improve the cap rate. 1-bed units have been renting for $685, though 2 1-bed units are being turned and should be rented at $725 - 750 within a week. 100% occupancy otherwise. The Canyon Apartments have been a trusted housing option in the Copperton area for decades. Located west of Mountain View Corridor, this property is excellently located to support the growing housing & employment market in the western part of Salt Lake County. This 15-unit apartment complex features 9 1-bedroom, 5 2-bedroom, and 1 3-bedroom apartment that includes a deck and 2-car garage. Property includes plenty of parking & 7 carports with usage based on seniority. Buyer/agent to verify all data, including but not limited to unit square footage sizes. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Please do not disturb tenants. Call agents for showing details/appointments. Additional land (MLS 1794434, $400k, .31 acre) for sale adjacent to the property where the dumpster currently sits, which may allow expansion of the apartments (buyer to verify). See agent remarks for important notes & disclosures.
Exterior Features

Architectural Style Stories: 2 Attached Garage YN No Carport Spaces 7 Carport YN Yes Construction Status Blt./Standing Covered Spaces 9 Exterior Features Deck; Covered Frontage Length 0.0 Garage YN Yes Horse Property YN No Lot Features Additional Land AvailableFenced: PartSidewalksSprinkler: Auto-PartView: MountainView: Valley Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking YN Yes Other Equipment Storage Shed(S) Parking Features CoveredParking: Uncovered Parking Total 9 Pool Private YN No RVParking Dimensions 0.00 Spa YN No Topography Additional Land AvailableFenced: PartSidewalksSprinkler: Auto-PartView: MountainView: Valley Vegetation Landscaping: FullMature Trees View Mountain(S)Valley View YN Yes Waterfront YN No

Interior Features

Bathrooms Partial 0 Bathrooms Total 16 Building Area Total 13312 Cooling YN No Fireplace YN No Heating Electric Heating YN True Rooms Total 0 Window Features Blinds

Property Features

Association YN No Cross Street 10200 Current Use Residential Inclusions Ceiling FanRangeRefrigeratorStorage Shed(S) Irrigation Water Rights Acres 0 Lease Considered YN No Listing Terms CashCommercial Fin. Req.Conventional New Construction YN No Ownership Property Owner Property Attached YN No Property Condition Blt./Standing Property Sub Type > 4 Units Senior Community YN No Sewer Sewer: ConnectedSeptic Tank Tax Annual Amount 9018 Utilities Sewer ConnectedSewer: Septic Tank Zoning Multi-FamilyCommercial Zoning Description C2

Listing provided courtesy of Prime Real Estate Experts, Llc: . Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2022 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-05-20T19:38:43.317. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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Salt Lake UT,