UT > Logan
Logan, UT 84321,331 N 400 E
Logan, UT 84321,331 N 400 E
Logan, UT 84321,331 N 400 E
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The Perry Group

The Perry Group

+1(801) 871-5259
$3,200,000
Est. payment /mo
16 Beds
16 Baths
7,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $426

MLS Listing ID 2077526

Bedrooms 16

Construction Status Blt./Standing

HOA Y/N No

Year Built 1965

Annual Tax Amount $6,385

Lot Size 0.620 Acres

Acres 0.62

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

Beautifully Remodeled 16 Unit Apartment Complex located in a quiet Neighborhood in Logan. This multi-family apartment complex is very attractive for both tenants as well as investors because its been 100% remodeled top to bottom inside and out! This Property Never has any vacancies. Most tenants have been married students attending USU or working adults that want a brand new remodeled Apt near downtown Logan. It has 16 spacious studio apartments. Units #1-8 on the main floor and Units #9-16 are upstairs on the 2nd floor. Each apartment is the same size. The property was completely remodeled in 2019. Brand New Everything! New Plumbing, New Electrical, Outlets and Fixtures, New Insulation, New Drywall, New Paint, New Flooring, New Cabinets, New countertop & Sinks, New Fridge, New Stove & New Microwave, New Furnaces & Water Heaters, New Culture Marble shower, New Exterior Doors and Interior Doors. New Windows, New Blinds EVERYTHING is BRAND NEW on the Inside!!! Each unit rents for $1,000 which Includes Wifi. All 16 leases are all 12 month leases. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. PLEASE DO NOT DISTURB TENANTS. 2023 - Roof was Replaced 2024 - New gutters, New soffit & Fascia. New subfloor on upper walkway for 2nd story 2024 - New paint on exterior building and railings. Fresh black top sealing for parking lot and fresh painted lines and numbers in parking lot. 2024 - Brand new Fence on south side of property. Rents are below market. Rents could be raised to $1,050 - $1,100 per month before WIFI. Just barely made it pet friendly. So tenants pay $50 per month for pet rent. Adding a Laundromat on the property could easily generate $1,000 monthly or $12,000 annually Potential to add Covered parking to increase rent income as well. Please email the Owner with questions about the property and to set up a tour to come see this beautiful investment in person.

Location

State UT

County Cache

Area Logan; Nibley; River Heights

Zoning Multi-Family

Interior

Heating Gas: Central

Flooring Hardwood

Inclusions Microwave, Refrigerator

Fireplace false

Window Features Blinds

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Fenced: Part, Sprinkler: Auto-Full

Total Parking Spaces 16

Private Pool false

Building

Lot Description Fenced: Part, Sprinkler: Auto-Full

Sewer Sewer: Connected, Sewer: Public

Water Culinary

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Adams

Middle Schools Mt Logan

High Schools Logan

School District Logan

Others

Senior Community No

Tax ID 06-046-0034

Acceptable Financing Cash, Conventional

Horse Property No

Listing Terms Cash, Conventional

Virtual Tour https://www.utahrealestate.com/report/display/report/photo/listno/2077526/type/2

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Listed by Intermountain Properties

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+1(801) 871-5259
1931 S 1100 E #200, Salt Lake City, UT, 84106, United States
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331 N 400 E