$2,949,100
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24 Beds
24 Baths
23,625 SqFt
SOLD DATE : 03/04/2020
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 23,625 sqft
Price per Sqft $121
Subdivision Colony Farms
MLS Listing ID 1594391
Sold Date 03/04/20
Style Stories: 3
Bedrooms 24
Construction Status To Be Built
HOA Fees $3,940/mo
HOA Y/N Yes
Year Built 2020
Annual Tax Amount $27,204
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 0.0x0.0x0.0
Property Description
With land prices rising throughout the Wasatch Front, development continues to go westward. With the establishment of the Inland Port Authority, the Northwest quadrant of Salt Lake County is poised for growth. Amazon.com and UPS are both near completion on massive regional facilities, projected to bring in 3,000 new jobs between the two of them. Listing price below market value and other sold comparables. See attached proforma and Colony Farms informational map for details on site location. Above average market cap rate with solid cash flow. Buyer obtains construction loan in their name. Call agent(s) for any details and questions.
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Multi-Family
Interior
Heating Gas: Central
Flooring Vinyl
Equipment Alarm System
Fireplace false
Window Features None
Exterior
Garage Spaces 8.0
Community Features Clubhouse
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Amenities Available Barbecue, Cable TV, Clubhouse, Insurance, Picnic Area, Playground, Snow Removal
View Y/N No
Roof Type Asphalt
Present Use Residential
Total Parking Spaces 38
Private Pool false
Building
Sewer Sewer: Connected
Water Culinary
Structure Type Aluminum,Stone,Stucco
New Construction Yes
Construction Status To Be Built
Schools
Elementary Schools Lake Ridge
Middle Schools Hunter
High Schools Cyprus
School District Granite
Others
HOA Name HOA West
HOA Fee Include Cable TV,Insurance
Senior Community No
Tax ID 14-21-402-004
Acceptable Financing Cash, Commercial Fin. Req.
Horse Property No
Listing Terms Cash, Commercial Fin. Req.
Financing Other
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Bought with Anderson Realty Group
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