1125 W 250 S #3, American Fork, Utah, 84003
$5,595,000
Other
30 ba
33 bds
17,966 Sqft
Active
IMPROVED PRICE! CURRENTLY ONE BUILDING IS STILL IN THE LEASE-UP PHASE. Rare Investment Opportunity! 4.6% CAP rate. Stabilized new 18 unit Apartment Building. On site management & model unit. Built 2024. Located in American Fork, UT, within walking distance of the American Fork TRAX station. Quick access to I-15, shopping, restaurants, entertainment. Amenities: Clubhouse, Pool, Gym (Currently under construction). The Yard development consists of twelve 18-plex buildings (total 216 units). Each building has a single tax ID & owned by individual entity. (3) 3 bed 2 bath units, (9) 2 bed 2 bath units, and (6) 1 bed 1 bath units. Each unit has a patio or balcony. Current rents are below market, anticipating rent increases. Modern Living at its finest, open floor plan, big windows for natural light, wood type flooring, granite countertops throughout, upgrade white cabinets, upgraded hardware, 9' ceilings. Controlled access. Model unit is available to tour during business hour. All information is deemed reliable but not guaranteed. Buyer is responsible to verify all listing information.
Unit Number : 18
Vegetation: Landscaping: Full
Utilities : Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Water Source : Culinary
Sewer Source : Sewer: Connected,Sewer: Public
Community Features: Clubhouse
Community Features: Cable TV,Clubhouse,Controlled Access,Fitness Center,Insurance,Maintenance,Management,Pet Rules,Pets Permitted,Pool,Sewer Paid,Snow Removal,Spa/Hot Tub,Storage,Trash,Water
Parking Features: Parking: Uncovered
Parking Total: 36
36 Open Parking Spaces
Accessibility Features: Fully Accessible,Ground Level,Single Level Living,Customized Wheelchair Accessible
Exterior Features: Balcony,Double Pane Windows,Lighting,Patio: Covered,Sliding Glass Doors
Lot Features : View: Lake,View: Mountain
Patio And Porch Features : Covered
Roof : Membrane
Architectural Style : Stories: 3
Property Condition : Blt./Standing
Current Use : Residential
Zoning Description: R3
Heating: Yes.
Heating : Electric,Forced Air,Gas: Central
Spa: Yes.
Construction Materials : Brick,Stucco
Construction Status : Blt./Standing
Topography : View: Lake, View: Mountain
Interior Features: Bath: Primary,Closet: Walk-In,Disposal,Range/Oven: Free Stdng.,Granite Countertops,Dishwasher: Built-In
Windows Features: Blinds
Flooring : Carpet
Other Equipment : Window Coverings
Street Address: 1125 W 250 S #3
City: American Fork
State: Utah
Postal Code: 84003
County: Utah
MLS Number: 2023329
Year Built: 2024
Courtesy of Sky Realty
Courtesy of Align Complete Real Estate Services LLC