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31821175
31821181

760 N Main St, Brigham City, UT 84302 For Sale

CR
UT 7140473
Rockwood & Company LLC
Listed by Rockwood & Company LLC
$4,750,000
90 days on market
Updated 49 days ago

The Flats On Main

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 19,050
Net Rentable (SqFt) 19,050
Units 24
Cap Rate 5.41%
NOI $257,134
Occupancy 100%
Pro-Forma Cap Rate 5.79%
Pro-Forma NOI $275,000
Price per SqFt $249
Class B
Year Built 1984
Year Renovated 2023
Buildings 2
Stories 2
Acreage 1.000
Occupancy Date 04/22/2026

Multifamily | 24 Units | $197,917/unit

Marketing description

PRICE REDUCED!! The Flats on Main is a 24-unit multifamily community situated on a 1 acre lot in the heart of Brigham City, Utah. 2 buildings side by side with 12 units in each building. Built in 1984 this property has undergone a comprehensive renovation program has across the majority of units over the last 3 years, featuring new laminate flooring, freshly painted cabinets with updated hardware,3 all new appliances, new light & plumbing fixtures throughout. All new AC units have been installed in all 24 units. Exterior upgrades include refreshed branding and signage, painting, a new fenced dog run, BBQ area and a pergola gathering area. Each unit features in-unit washer/dryer hookups, a dedicated private storage shed, and access to approximately 50 on-site parking spaces. Fully leased with proffesional management, each unit is achieving market rents. This is as clean a deal as they come. Truly a gem of a property situated in a highly growing market with strong demand from tenants.

Listing Contacts

CR
UT 7140473
Rockwood & Company LLC
Listed by Rockwood & Company LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$257,134.00
$21,427.83/mo

Valuation Metrics

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DSCR
5.41%
Cap Rate
5.41%
ROI

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