Listed by MMG Real Estate, MMG
$4,950,000
Cottonwood Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 55,760
Units 54
Cap Rate 5.94%
NOI $293,989
Occupancy 93%
Pro-Forma Cap Rate 6.78%
Pro-Forma NOI $335,525
Price per SqFt $89
Year Built 1995
Buildings 13
Stories 2
Acreage 3.740
Multifamily | 54 Units | $91,667/unit
Marketing description
MMG Real Estate Advisors is pleased to present the opportunity to acquire Cottonwood Apartments, a 54-unit garden-style community located in the center of Roosevelt, Utah—an established workforce hub for the broader Uintah Basin. Built in 1995, the property benefits from stable regional employment drivers, structurally limited housing supply, and demand supported by energy, healthcare, agriculture, education, and essential services. With a walkable location near schools, parks, retail, and the UBMC medical campus, Cottonwood Apartments offers long-term operational durability in one of rural Utah’s most stable submarkets.
Investment highlights
- Consistently Strong Demand: Cottonwood Apartments benefits from a chronic shortage of quality, affordable housing in Duchesne County. Limited multifamily stock and virtually no new deliveries in over a decade support consistently high occupancy levels and minimal competitive pressure. As the Roosevelt area continues to serve as the employment and service hub for surrounding towns, demand for well-located, professionally managed rental housing remains resilient.
- Diverse Local Economy: Roosevelt anchors one of rural Utah’s most economically diverse regions. Employment is supported by energy production in the Uinta Basin, the UBMC medical campus, education (including Utah State University–Uintah Basin), retail services, agriculture, logistics, and public-sector roles. This mix provides a stable workforce and a broad renter base that supports consistent housing demand throughout economic cycles
- Low Operating Costs: The property’s rural Utah location offers meaningfully lower operating costs relative to major metro markets, including reduced labor, maintenance, and insurance expenses. These structural cost advantages enhance cash flow durability and improve long-term performance potential.
- Walkable, Service-Rich Location: Cottonwood Apartments sits within immediate proximity to schools, parks, grocery options, medical services, civic amenities, and everyday retail. This convenience improves tenant retention and enhances the property’s competitiveness, particularly among workforce renters seeking proximity to major employers such as UBMC and local education centers.
- Long-Term Stability: With minimal new construction, a growing county population, strong occupancy trends, and a workforce-driven economy, Roosevelt offers a fundamentally stable backdrop for long-term multifamily ownership. Cottonwood Apartments is positioned to benefit from these durable demand drivers and the region’s limited supply pipeline.
Listing Contacts
Listed by MMG Real Estate, MMG
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$293,989.00
$24,499.08/mo
Valuation Metrics
0
DSCR
5.94%
Cap Rate
5.94%
ROI
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