203 S 150 E - Franklin Meadows Four-Plex
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203 S 150 E - Franklin Meadows Four-Plex
4 Unit Apartment Building Offered at $1,795,563 CAD at a 5.50% Cap Rate in Franklin, ID 83237
Investment Highlights
- 25 Minutes from Logan, Utah
- Quartz Counter Tops, Low HOA which handles all exterior maintenance
- Separate Tax Number and Meters for each unt
Executive Summary
Exceptional Investment Opportunity – This newly constructed 2022 townhome 4-plex presents a 5.5% cap rate with gross annual rents totaling $76,800 ($1,600/unit with room to grow). 100% Occupancy, low turnover tenants. Each unit is separately metered and comes with its own tax ID, providing flexibility to sell individually or retain as a single, high-performing asset. The modern design includes new quartz countertops, low-maintenance finishes, and a minimal HOA of just $60 per unit. Located just a short 25-minute drive from Logan, Utah, this property is ideally situated in a high-demand rental market, offering long-term income and value for investors. Please do not disturb tenants. Taxes are provided as an estimate, current taxes assessed are $160.04/unit per year when the property was under construction, and does reflect the new tax rate that has not been updated by the treasurer yet. All four units are currently rented for $1,600/month, and leases terms end on the following dates 10/31/24; 1/31/25; 3/31/25; & 3/31/25.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Heating
- Granite Countertops
Site Amenities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 4 | $2,298 CAD | 1,418 |
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zoning
| Zoning Code | Residential (Single Family, Multi-Family Townhouse, 4-plex) |
| Residential (Single Family, Multi-Family Townhouse, 4-plex) |
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203 S 150 E - Franklin Meadows Four-Plex
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