679 S 200 EBrigham City, UT 84302

Description

Exceptional investment opportunity with a proven income producing history! Situated on approximately 2 acres, this well maintained multifamily property offers an impressive 39 residential units, multiple additional income streams and extensive capital improvements already completed. The community features 7 buildings with 4 units in each building and an additional 2 buildings with 5 units in each. This project consists of 36- 2 bedroom, 1 bath units, 1- 3 bedroom unit, and 1-1 bedroom unit. Also included is a spacious 2,280 sq. ft. manufactured home with 4 bedrooms. Beyond the residential units, the property includes 20 separately rented storage sheds, a dedicated laundry facility, and on-site management office, creating additional revenue opportunities. Residents enjoy generous green space, ample parking, a playground, and a gazebo, enhancing the overall appeal of the community. Currently operating with HUD assistance, 29 units are income restricted while 10 units are market rate, providing a balanced investment portfolio. Owners have invested significantly in the property's long term value. Nearly every unit has been updated, many with newer appliances. Additional improvements include newer windows and exterior doors throughout, roofs replaced within the past 10 years. Please call agent for additional information.

Property Information

Property type

Residential

Sub-type

Multi Family

Year built

1944

Living area

48,384 Sq Ft

Lot size

2.00 acres

Lot dimensions

0.0x0.0x0.0

Parking spaces

40

Zoning

Multi-Family

Days on market

57

MLS^® Listing#

2178515

Property Features

Appliances

Dishwasher · Disposal · Oven · Range · Refrigerator

Cooling

None

Heating

Central · Natural Gas · Forced Air

Flooring

Carpet · Linoleum · Tile

Parking

Detached

Patio

Porch

Lot features

Corner Lot · Secluded

Construction

Brick

Roof

Asphalt

Windows

Window Coverings · Blinds · Double Pane Windows

Other structures

Outbuilding · Gazebo

Utilities

Natural Gas Available · Natural Gas Connected · Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Schools

Elementary

Mountain View

Middle

Box Elder

High

Box Elder

Financial Details

HOA

None

Annual taxes

$32,647

Parcel number

031400048