Views - Eco Friendly
Address
185 E 400 N Spanish Fork, UT
Price
$ 8,000,000
Property Attributes
  • MLS#1751942
  • TypePending
  • CountyUTAH
  • CitySpanish Fork
  • AreaSp Fork
  • NeighborhoodPALT A SPANISH FORK
  • Zip84660
  • StyleStories: 2
  • Year Built2020
  • Taxes$ 23428
  • Price$ 8,000,000
  • Bedrooms57
  • Full Bathrooms56
  • Half Bathrooms0
  • Sqr Footage40381
  • Lot Size2.04 Acres
Listing Provided Courtesy Of:
Harward & Associates Real Estate
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description

NOI $465,717, 5.82% cap rate. Offered is a premium 36 unit multi-fam asset built in 2020, stabilized and ready to perform with low hassle and maintenance for years to come! Two story building with extra wide climate controlled interior hallways, common interior leisure area with historical elements to the old Rees School. Details and finishes that well exceed the standard for comparable properties. Abundant parking including 18 covered spaces and 18 detached garages, 84 total spaces plus on street. Fiber optic internet in each unit that's hardwired into all rooms. All utility room access is from common hall. Expansive courtyard style green space with pavilion. Smart camera system and smart eco friendly landscape irrigation. Property has a 81 walk score, two minutes from I15, shopping and restaurants. Floor drains in each laundry room. Extra revenue from garage units, covered parking, premium unit features, direct courtyard access and amenity fee. . Full financials and disclosures available upon qualified request. Please call with any questions. Property website is rees.apartments for additional info.

Elementary School Middle School High School
Park Elementary School Spanish Fork Jr Middle School Spanish Fork High School
Price History
6/29/2021 Listed $8,000,000

General Features

Architectural Style Stories: 2
Association Y/N No
Attached Garage No
Carport Spaces 18.0
Carport Y/N Yes
Construction Materials Brick, Stucco
Current Use Residential
Elementary School District Nebo
Flooring Carpet, Vinyl
Garage Spaces 18.0
Garage Y/N Yes
Heating Forced Air, Gas: Central
High School District Nebo
Home Warranty Y/N No
Interior Features Alarm: Fire, Disposal, Dishwasher: Built-In
Lease Considered Y/N No
Lot Size Square Feet 88862.4
MLS Area Sp Fork; Mapleton; Benjamin
Middle/Junior School District Nebo
New Construction No
Open Parking Spaces 82.0
Private Pool No
Property Attached Y/N No
Property SubType > 4 Units
Property Type Residential
Roof Membrane
Senior Community Y/N No
Sewer Sewer: Public
Standard Status Pending
Subdivision Name PALT A SPANISH FORK
Tax Annual Amount 23428.0
Topography Corner Lot, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
Total Units 36
Utilities Natural Gas Connected, Electricity Connected, Sewer: Public, Water Connected
View Mountain(s)
Year Built 2020
Zoning Multi-Family
Zoning Description R-5

Interior Features

Air Conditioning Y/N No
Fireplace Y/N No
Heating Y/N Yes
Laundry Features Electric Dryer Hookup
Living Area 40381.0
Window Features Blinds

Exterior Features

Building Area Total 40381.0
Covered Spaces 36.0
Frontage Length 0.0
Horse Y/N No
Lot Dimensions 0.0x0.0x0.0
Lot Features Corner Lot, Sprinkler: Auto-Full, View: Mountain
Lot Size Acres 2.04
Lot Size Area 2.04
Lot Size Units Acres
Open Parking Y/N No
Other Equipment Alarm System
Spa No
Total Parking 118.0
Vegetation Landscaping: Full
View Y/N Yes
Water Source Culinary, Irrigation: Pressure
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 84660

Price
AVG $580K
$8M
Taxes
AVG $1,482
$23,428
Visits
AVG 44
20
Year Built
AVG 2017
2020
Walkscore
AVG 20
79
Data Provided by Walkscore ® not using MLS data

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