331 N 400 E, Logan, UT 84321

Newmark Mountain West is proud to present this 16-unit apartment building, with each unit being a large studio with 1 bath. In 2019 each unit was completely remodeled down to the studs with new kitchen cabinets, appliances and bathrooms fixtures. The Logan Canyon Apartment community houses students and young families in Logan. Each unit is separately metered, with tenants paying their own electricity and gas bills and rents being below market, the future profitability of this property is high.

The Logan Canyon Apartments has been a place which has supported and benefited the students and alumni of Utah State University. USU was founded in 1888 as an agricultural college and is known as the home of the Aggies. With 29,831 students and 187,744 alumni, the university is a powerhouse in academics and athletics. USU is the foundation of Logan and the surrounding towns. The innovations coming out of the university and the productive and educated population has led to a steep increase in large manufacturing, data and finance companies locating in the area. Economic growth and employment in Logan have continually outpaced other larger cities in Utah and in the region for well over a decade. For those reasons population growth has continued to outpace the production of housing units.

Because most occupants within the building are college students or small families getting their start in the local employment scene, the portfolio offering will place the future owner in a position to continue supporting and benefiting from the growth and education of this vibrant area.