Listed by Newmark Mountain West
$2,471,396
Horseshoe Townhomes
Details
APN 03-125-0115
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,000
Units 12
Cap Rate 5.5%
NOI $135,926
Occupancy 100%
Pro-Forma Cap Rate 6.74%
Pro-Forma NOI $166,539
Price per SqFt $275
Broker Co-Op Yes
Class B
Year Built 1959
Year Renovated 2023
Buildings 2
Stories 2
Acreage 0.500
Investment Type Stabilized
Renovated Townhomes, 100% Leased. 6.74% Proforma Cap Rate
Marketing description
Within a short distance of the Brigham City Campus of USU, a block from the LDS Temple, Smith’s supermarket and the historical Main Street, the Horseshoe Apartments house working families
All units are 2 bed/1 Bath with a carport
Remodeled with new flooring, paint and appliances in 2024 and 2025
Resurfaced parking in 2025
Washer and Dryer Provided for each unit
Landlord pays only for trash removal
Assumable Freddie Mac loan at 5% fixed interest, expires October 2031
Landlord currently collecting $1,200, market rent is $1,400
Listing Contacts
Listed by Newmark Mountain West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,926.00
$11,327.17/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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