121 W 900 N
Property Description
Rare 20-Unit Portfolio Opportunity to acquire a five-building fourplex portfolio (20 units total) on 1.09 combined acres in one of Logan, Utah's most sought-after rental markets. Rarely does a package of this scale become available in this submarket; an ideal opportunity for investors looking to grow their multifamily footprint with a single transaction. Investment Highlights: Projected 6.1% cap rate; with additional upside from on-site coin laundry income not factored into the calculation. Tenant-paid utilities (electric, gas, cable/internet) keep owner operating expenses lean and predictable. Built-in income upside; the on-site coin laundry offers a low-maintenance, easily scalable secondary revenue stream. Strong, consistent unit mix; all 20 units are townhome-style condominiums with desirable two-level layouts (2 bed/1 bath, ~888 sq ft), a floor plan that consistently attracts long-term tenants (buyer to verify square footage). Recent Capital Improvements: This portfolio has been well-maintained with major systems already updated; reducing near-term capital expenditures for the next owner: New roofs, all units (2018) New double-pane windows, all units (2023) New exterior paint, all units (2024) Property & Setting: Set among mature, established trees, the grounds offer a level of curb appeal that's hard to replicate in new construction; giving the property a lived-in, established neighborhood feel that tenants value. Parcels Included: 05-047-0051, 05-047-0052, 05-047-0053, 05-047-0054, 05-047-0056
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,820,000 |
| No. of Units: | 20 |
| Year Built: | 1982 |
| Lot Size: | 174.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $191,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 40 |
| Number of Bathrooms: | 20 |
ID: 3yd-WFRMLSUT-2185729
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