Property Facts
Rare Investment Opportunity! Stabilized new 18 unit Apartment Building. On site management. Built 2024. Hard to find, 3-story modern 18-plex apartment building is a fantastic investment. Owner prefers to close after 01/01/2025, however Owner would consider December closing with a strong offer. 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. Please see the OM for more info. 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. Viewing information: Please call for an appointment. Agent must coordinate with on site management for tour of the actual building. 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.
Property Features
HOA Information
Interior Features
Exterior Features
Other Features
Included in Transaction
Totals
Unit Configuration 1
| Total Number Values | Air Conditioning | |||
|---|---|---|---|---|
| Number of Units: 3 | Deck: 0 | Patio: 3 | Gas: 3 | Elec: 3 |
| Furnished: 0 | Unfurnished: 3 | Gas Meters: 0 | Elec (win): 0 | Evap: 0 |
| Elec Meters: 3 | Disposals: 3 | Dishwashers: 3 | Evap (win): 0 | Pump: 0 |
| Oven-Ranges: 3 | Refrigerators: 3 | Solar: 0 | ||
Per Unit Values
| Lvl | Approx Sq Ft |
Bed Rms |
Bath | Fam | Den | Formal Living Rm |
Kitchen Dining |
Laundry | Fireplace | |||||
| F | ¾ | ½ | K | B | F | S | ||||||||
| 3+ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1,315 | 3 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tot | 1,315 | 3 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 |
| Current Rent: $1,930.00 Monthly | Covered Parking: 0 | Uncovered Parking: 6 | Storage Units: 0 |
|---|
Unit Configuration 2
| Total Number Values | Air Conditioning | |||
|---|---|---|---|---|
| Number of Units: 9 | Deck: 0 | Patio: 9 | Gas: 9 | Elec: 9 |
| Furnished: 0 | Unfurnished: 9 | Gas Meters: 9 | Elec (win): 0 | Evap: 0 |
| Elec Meters: 9 | Disposals: 9 | Dishwashers: 9 | Evap (win): 0 | Pump: 0 |
| Oven-Ranges: 9 | Refrigerators: 9 | Solar: 0 | ||
Per Unit Values
| Lvl | Approx Sq Ft |
Bed Rms |
Bath | Fam | Den | Formal Living Rm |
Kitchen Dining |
Laundry | Fireplace | |||||
| F | ¾ | ½ | K | B | F | S | ||||||||
| 3+ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1,033 | 2 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tot | 1,033 | 2 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 |
| Current Rent: $1,620.00 Monthly | Covered Parking: 0 | Uncovered Parking: 18 | Storage Units: 0 |
|---|
Unit Configuration 3
| Total Number Values | Air Conditioning | |||
|---|---|---|---|---|
| Number of Units: 6 | Deck: 0 | Patio: 6 | Gas: 6 | Elec: 6 |
| Furnished: 0 | Unfurnished: 6 | Gas Meters: 6 | Elec (win): 0 | Evap: 0 |
| Elec Meters: 6 | Disposals: 6 | Dishwashers: 6 | Evap (win): 0 | Pump: 0 |
| Oven-Ranges: 6 | Refrigerators: 6 | Solar: 0 | ||
Per Unit Values
| Lvl | Approx Sq Ft |
Bed Rms |
Bath | Fam | Den | Formal Living Rm |
Kitchen Dining |
Laundry | Fireplace | |||||
| F | ¾ | ½ | K | B | F | S | ||||||||
| 3+ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 807 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tot | 807 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 |
| Current Rent: $1,402.00 Monthly | Covered Parking: 0 | Uncovered Parking: 12 | Storage Units: 0 |
|---|
Zoning Information
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| Summit High (Yic) Public Middle School, High School |
7-12 | 2.47 mi | |
| Greenwood School Public Preschool, Elementary |
PK | 1.61 mi | |
| Lehi High School Public High School |
10-12 | 1.42 mi | |
| American Legacy Academy Private Preschool, Elementary |
PK | 1.66 mi | |
| Shelley School Public Preschool, Elementary |
PK | 1.74 mi | |
| Meadow School Public Preschool, Elementary |
PK | 1.89 mi | |
| Forbes School Public Elementary |
K-6 | 1.90 mi | |
| Sego Lily Elementary School Public Preschool, Elementary |
PK | 1.95 mi | |
| Alpine District Preschool, Elementary, Middle School, High School |
2.00 mi | ||
| Serv By Appt Public Preschool, Elementary |
PK | 2.00 mi | |
| Alpine Online School Public Elementary, Middle School |
K-8 | 2.00 mi | |
| Lehi School Public Preschool, Elementary |
PK | 2.14 mi | |
| New Hope Academy Private Elementary, Middle School, High School |
K-11 | 2.20 mi | |
| Polaris West High Public High School |
10-12 | 2.26 mi | |
| Dry Creek School Public Preschool, Elementary |
PK | 2.30 mi |
School data provided by GreatSchools.
For information about radon testing for homes in the state of Utah click here.
Contact Agent
Sam Levin
801-652-7397Listing Broker
Sky Realty
364 W 2230 N
104
Provo, UT 84604
801-704-3445