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23445764
23445763

41.811444, -111.832706, Hyde Park, UT 84318

Austin Seegmiller
Listed by Austin Seegmiller
$1,498,900
381 days on market
Updated 57 days ago

Bringhurst Village Mixed-Use

Details
Property Type Land, Mixed Use (+1)
Sub Type Commercial, Residential
Square Footage 68,256
Units 60
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $843,941
Class A
Year Built 2026
Acreage 1.740
Zoning MXD

Fully Entitled 60 Unit Apartment Complex

Marketing description

Just fell out of contract. All utilities and improvements have been stubbed to site.

Fully entitled land for 60 unit mixed use development with bids supporting a 7.5% cap rate on stabilized value. Seller is willing to subordinate/carry 50% of purchase price behind primary construction financing. Project has been vetted and approved by local credit union. All you need is $750k down to get this entire project off the ground.

**Included in the Sale:**

  • Civil Plans
  • Architectural Designs
  • Geotechnical Report
  • City & UDOT approval
  • Topographical Survey
  • Easements & Utility Plans

Reach out for link to full development packet. Soft costs & bids for horizontal will also be included in development packet. OM & drawings attached in listing. Only apartments/mixed use for sale in site plan. Projected construction spread north of $2.5M on stabilized value. (proforma included in development packet). Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.

Listing Contacts

Austin Seegmiller
Listed by Austin Seegmiller

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