Listed by Sky Realty Company
$1,400,000
Old Mill Fourplex
Details
APN 00-0021-7530
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,097
Units 4
Beds 7
Cap Rate 3.83%
NOI $53,583
Occupancy 97%
Tenancy Multi
Price per SqFt $342
Class A
Year Built 2026
Buildings 1
Stories 3
Acreage 0.100
Parking Spaces spaces
Investment Type Stabilized
Multifamily | 3.83% CAP | 4 Units
Marketing description
A brand-new 2026 fourplex in the Old Mill community of Heber City, offering upgraded interiors, modern finishes, strong long-term and mid-term rental appeal, and convenient proximity to schools, shopping, healthcare, employment, transportation, and everyday amenities. Units recently received Certificates of Occupancy and are in the process of being rented.
Investment highlights
- Built/standing 2026 asset with modern systems, upgraded finishes, quartz countertops, LVP flooring, appliances, blinds, and contemporary exterior materials.
- Designed for long-term or mid-term rental strategy with projected base rents and no HOA rental cap noted; short-term rentals are not permitted per listing details.
- Three 2-bedroom/2-bath units and one 1-bedroom/1-bath unit create a practical mix for workforce, professional, and smaller-household demand.
- Near schools, shopping, healthcare, employment, Walmart, airport access, and other high-end condo developments in a growing Wasatch County market.
- Community amenities listed include clubhouse, pool, playground/park, laundry hookups, cable TV availability, and open parking; some amenities are under construction.
- Listing notes separate air conditioning, power meters, water heaters, and tenant-paid utilities, supporting simpler ongoing operations.
Listing Contacts
Listed by Sky Realty Company
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$53,583.00
$4,465.25/mo
Valuation Metrics
0
DSCR
3.83%
Cap Rate
3.83%
ROI
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