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1656 N Hill Field Rd
Layton, UT 84041
Fox Creek Apartments · Multifamily Property For Sale · 186 Units
PROPERTY FACTS
| No. Units | 186 | Lot Size | 7.49 AC |
| Property Type | Multifamily | Building Size | 158,904 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1985 |
| Building Class | C | Parking Ratio | 2.05/1,000 SF |
| No. Units | 186 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.49 AC |
| Building Size | 158,904 SF |
| No. Stories | 3 |
| Year Built | 1985 |
| Parking Ratio | 2.05/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Refrigerator
- Views
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Fitness Center
- Playground
- Property Manager on Site
- Spa
- Corporate Suites
- Grill
About 1656 N Hill Field Rd , Layton, UT 84041
Fox Creek Apartments is a 186-unit multifamily property built in 1985 on 7.49 acres of land located in Layton, Utah. The property consists of 10 buildings and a clubhouse with an office. Residents have a choice of three different floor plans of one- or two-bed units. The property is within walking distance of Layton Hills Mall and has great access to jobs, transit, dining, and retail. The property has been well maintained and is in excellent condition. Fox Creek Apartments is a market rate and affordable asset, 20% of the units are set aside as affordable housing which will expire in 2019. The affordable units are Bond Units set at 80% AMI. The affordable units require that tenant's aggregate adjusted income does not exceed 80% of the Adjusted Median Income at the time of the lease. The 80% rent limit is high enough in the market it has not impacted revenue. The Fox Creek Apartments unit interiors are mostly original. Given the strong rental market, unit interior upgrades could easily be justified. The property rents are below market and with modest capital improvements, the property could be re-positioned in the market.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | $869.00 | 748 |
| 2+1 | 126 | $964.50 | 829 - 948 |
PROPERTY TAXES
| Parcel Number | 10-028-0039 | Improvements Assessment | $17,217,156 |
| Land Assessment | $2,369,444 | Total Assessment | $19,586,600 |
PROPERTY TAXES
zoning
| Zoning Code | R-M2 |
| R-M2 |
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