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Logan,UT 84321
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $426
MLS Listing ID 2077526
Bedrooms 16
Construction Status Blt./Standing
HOA Y/N No
Year Built 1965
Annual Tax Amount $6,385
Lot Size 0.620 Acres
Acres 0.62
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type > 4 Units
Property Description
Beautifully Remodeled 16 Unit Apartment Complex located in a quiet Neighborhood in Logan. This multi-family apartment complex is very attractive for both tenants as well as investors because its been 100% remodeled top to bottom inside and out! This Property Never has any vacancies. Most tenants have been married students attending USU or working adults that want a brand new remodeled Apt near downtown Logan. It has 16 spacious studio apartments. Units #1-8 on the main floor and Units #9-16 are upstairs on the 2nd floor. Each apartment is the same size. The property was completely remodeled in 2019. Brand New Everything! New Plumbing, New Electrical, Outlets and Fixtures, New Insulation, New Drywall, New Paint, New Flooring, New Cabinets, New countertop & Sinks, New Fridge, New Stove & New Microwave, New Furnaces & Water Heaters, New Culture Marble shower, New Exterior Doors and Interior Doors. New Windows, New Blinds EVERYTHING is BRAND NEW on the Inside!!! Each unit rents for $1,000 which Includes Wifi. All 16 leases are all 12 month leases. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. PLEASE DO NOT DISTURB TENANTS. 2023 - Roof was Replaced 2024 - New gutters, New soffit & Fascia. New subfloor on upper walkway for 2nd story 2024 - New paint on exterior building and railings. Fresh black top sealing for parking lot and fresh painted lines and numbers in parking lot. 2024 - Brand new Fence on south side of property. Rents are below market. Rents could be raised to $1,050 - $1,100 per month before WIFI. Just barely made it pet friendly. So tenants pay $50 per month for pet rent. Adding a Laundromat on the property could easily generate $1,000 monthly or $12,000 annually Potential to add Covered parking to increase rent income as well. Please email the Owner with questions about the property and to set up a tour to come see this beautiful investment in person.
Location
State UT
County Cache
Area Logan; Nibley; River Heights
Zoning Multi-Family
Interior
Heating Gas: Central
Flooring Hardwood
Inclusions Microwave, Refrigerator
Fireplace No
Window Features Blinds
Exterior
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Fenced: Part, Sprinkler: Auto-Full
Total Parking Spaces 16
Private Pool No
Building
Lot Description Fenced: Part,Sprinkler: Auto-Full
Sewer Sewer: Connected,Sewer: Public
Water Culinary
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Adams
Middle Schools Mt Logan
High Schools Logan
School District Logan
Others
Senior Community No
Tax ID 06-046-0034
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.utahrealestate.com/report/display/report/photo/listno/2077526/type/2/pub/0