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29882252
29882290

356 N 300 W, Logan, UT 84321

CB
5493255-AB00
Newmark Mountain West
Listed by Newmark Mountain West
$2,293,564
102 days on market
Updated 9 days ago

Green Creek Townhomes

Details
APN 05-084-0032
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,612
Units 8
Cap Rate 5.5%
NOI $126,146
Occupancy 100%
Price per SqFt $301
Broker Co-Op Yes
Class B
Year Built 2024
Buildings 2
Stories 2
Acreage 0.340
Parking Spaces 1 per unit
Investment Type Stabilized

5.5% Cap Rate. 2024 completely gutted, remodeled with new flooring, paint, kitchens and bathrooms.

Marketing description

Newmark Mountain West is proud to present this 8-unit apartment building, with each unit being a 2 bed with 1.5 baths. In 2023 and 2024 each unit was completely remodeled down to the studs with new kitchen cabinets, appliances and bathrooms fixtures. The Green Creek Townhomes 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 Green Creek Townhomes Community 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 portfolio 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.

Green Creek Townhomes

Within a short distance of the USU Campus the Green Creek Townhomes community is occupied by working adults and young families

2 Story, 2 bed/1.5 bath townhomes

Covered carport

Each unit has its own washer and dryer

In 2023 and 2024 all but 1 unit was completely gutted and remodeled with new flooring, paint and appliances, including bathroom fixtures

Resurfaced parking in 2025

Tenants pay all utilities

Market rents $1,550. Currently collecting $1,500

Listing Contacts

CB
5493255-AB00
Newmark Mountain West
Listed by Newmark Mountain West

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,146.00
$10,512.17/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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