Property
Beds
33
Full Baths
None
1/2 Baths
None
Year Built
2017
Sq.Footage
17,967
Rare multifamily investment opportunity consisting of a modern 18-unit apartment building located in Vineyard, Utah. Built in 2017, this three-story property offers a highly desirable unit mix, strong historical occupancy, and a location positioned for long-term rental demand. The property features a mix of spacious floor plans including three 3-bed/2-bath units, nine 2-bed/2-bath units, and six 1-bed/1-bath units. Interior finishes include stainless steel appliances, granite countertops, walk-in closets, pantry space, washer/dryer hookups, and a combination of carpet and vinyl flooring. Units are cable and internet ready, with select accessibility features. On-site amenities include a leasing office, clubhouse, fitness center, pool and hot tub, playground, basketball court, grill and picnic areas, pet play area, bicycle storage, and EV charging. The property has demonstrated consistent occupancy in the 96-98% range, supported by strong local demand. Ideally located within walking distance of the Vineyard UTA station with quick access to I-15, shopping, dining, and entertainment. Minutes from Utah Valley University, BYU, and other major employment and education centers. Seller-provided financials reflect strong in-place operations. NOI, cap rate, and full financial details are available upon request in the Offering Memorandum. Do not disturb tenants. Showings by appointment only.
Features & Amenities
Interior
-
Other Interior Features
Walk-In Closet(s), Granite Counters
-
Total Bedrooms
33
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Natural Gas, Forced Air
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Brick, Stucco
-
Other Exterior Features
Lighting
-
Patio and Porch Features
Covered
-
Pool
No
-
View
Lake, Mountain(s)
Area & Lot
-
Lot Size(acres)
0.16
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Stories: 3
Price
-
Sales Price
$4,900,000
-
Tax Amount
24647.0
-
Zoning
R3
-
Sq. Footage
17, 967
-
Price/SqFt
$272
HOA
-
Association
Yes
-
Association Fee
$4,410
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Alpine
-
Middle School
Lakeridge
-
High School
Mountain View
Property Features
-
Accessibility Features
Accessible Entrance
-
Association Amenities
Barbecue, Cable TV, Clubhouse, Fitness Center, Maintenance, Management, Picnic Area, Playground, Snow Removal, Tennis Court(s), Trash, Water
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Utah
Elementary School
Alpine
Middle School
Lakeridge
High School
Mountain View
Listing Courtesy of Brandon Visser , Ascent Real Estate Group LLC
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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