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865 E 100 N

8 Unit Apartment Building $1,360,000 ($170,000/Unit) 6.26% Cap Rate Payson, UT 84651

Apartment Buildings Utah Payson 865 E 100 N, Payson, UT 84651

Executive Summary

Prime investment opportunity.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $97,200 $14.94
Other Income $1,200 $0.18
Vacancy Loss $1,200 $0.18
Effective Gross Income $97,200 $14.94
Taxes $4,600 $0.71
Operating Expenses $7,500 $1.15
Total Expenses $12,100 $1.86
Net Operating Income $85,100 $13.08

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $97,200
Annual Per SF $14.94
Other Income
Annual $1,200
Annual Per SF $0.18
Vacancy Loss
Annual $1,200
Annual Per SF $0.18
Effective Gross Income
Annual $97,200
Annual Per SF $14.94
Taxes
Annual $4,600
Annual Per SF $0.71
Operating Expenses
Annual $7,500
Annual Per SF $1.15
Total Expenses
Annual $12,100
Annual Per SF $1.86
Net Operating Income
Annual $85,100
Annual Per SF $13.08

Property Facts

Price $1,360,000 Apartment Style Low Rise
Price Per Unit $170,000 Building Class C
Sale Type Investment Lot Size 0.29 AC
Cap Rate 6.26% Building Size 6,504 SF
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
 Average Occupancy 100%
No. Units 8 No. Stories 1
Property Type Multifamily Year Built 1981
Property Subtype Apartment Parking Ratio 2.31/1,000 SF
Price $1,360,000
Price Per Unit $170,000
Sale Type Investment
Cap Rate 6.26%
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.29 AC
Building Size 6,504 SF
Average Occupancy 100%
No. Stories 1
Year Built 1981
Parking Ratio 2.31/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 8 $825.00 813
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PROPERTY TAXES

Parcel Number 08-152-0002 Total Assessment $510,455
Land Assessment $0 Annual Taxes $4,600 ($0.71/SF)
Improvements Assessment $0 Tax Year 2024

PROPERTY TAXES

Parcel Number
08-152-0002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$510,455
Annual Taxes
$4,600 ($0.71/SF)
Tax Year
2024

zoning

Zoning Code APT
APT
  • Brian Smith
    Brian Smith
  • Brian Smith
(801) 372-4479

  • Listing ID: 16274042

  • Date on Market: 6/7/2019

  • Last Updated:

  • Address: 865 E 100 N, Payson, UT 84651

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865 E 100 N
(801) 372-4479 x

865 E 100 N

Brian Smith

(801) 372-4479

(801) 372-4479

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