Listed by Newmark Mountain West
$2,758,900
Costa Azul Townhomes
Details
APN 01-042-0021, 01-042-0022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,000
Units 10
Cap Rate 5.5%
NOI $151,735
Occupancy 100%
Pro-Forma Cap Rate 6.08%
Pro-Forma NOI $167,711
Price per SqFt $345
Broker Co-Op Yes
Class B
Year Built 1976
Year Renovated 2024
Buildings 2
Stories 2
Acreage 0.630
Parking Spaces 2 per unit
Investment Type Stabilized
6% Cap Rate on Proforma. Fully Remodeled with New Kitchens and Bathrooms
Marketing description
Costa Azul Townhomes
Located in Hyrum Utah, the Costa Azul Townhome community houses families who are employed in Cache County
2 Story, 2 bed/1 bath townhomes with washer/dryer provided on the main level
Fully gutted and remodeled in 2023 and 2024, with paint, carpet, new appliances, bathrooms have new fixtures and tub inserts
New Roof in 2022
Resurfaced parking in 2025
Tenants pay utilities except landlord covers trash, water and gas for boiler system
Landlord currently collecting $1,425, market rent is $1,550
Listing Contacts
Listed by Newmark Mountain West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,735.00
$12,644.58/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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