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The Vine - Vineyard, UT - Building 11 548 E 300 N

18 Unit Apartment Building $8,532,000 CAD ($474,000 CAD/Unit) 4.50% Cap Rate Vineyard, UT 84059

Investment Highlights

  • Fantastic Location!
  • Open floor plan
  • Nice, newer units

Executive Summary

Fantastic investment opportunity in Vineyard! This 3 story 18 unit apartment features: 3 bed / 2 bath units = 3 (1299 Sq Ft), 2 bed / 2 bath units = 9 (1020 Sq Ft), 1 bed / 1 bath units = 6. Each unit has granite counter tops, stainless steel appliances, pantry, walk in closet, vinyl flooring, window coverings, washers / dryers in every unit and more. Great location that is close to I-15, restaurants, shopping and within walking distance to UTA station. Rents vary from $1,360 to $2,050 with an average rent of $1,634. Rent rolls and property financials are available upon request. Great onsite management. Many nice onsite amenities which include: gym, swimming pool, hot tub, pet play area, basketball courts, pickleball, clubhouse, EV charging station, grills and more. Buyer / Broker to verify all information. Seller / Agent.

Data Room Click Here to Access

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $472,076 $26.27
Other Income $29,862 $1.66
Vacancy Loss - -
Effective Gross Income $501,938 $27.94
Taxes $18,851 $1.05
Operating Expenses $98,118 $5.46
Total Expenses $116,969 $6.51
Net Operating Income $384,968 $21.43

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $472,076
Annual Per SF $26.27
Other Income (CAD)
Annual $29,862
Annual Per SF $1.66
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $501,938
Annual Per SF $27.94
Taxes (CAD)
Annual $18,851
Annual Per SF $1.05
Operating Expenses (CAD)
Annual $98,118
Annual Per SF $5.46
Total Expenses (CAD)
Annual $116,969
Annual Per SF $6.51
Net Operating Income (CAD)
Annual $384,968
Annual Per SF $21.43

Property Facts

Price $8,532,000 CAD
Price Per Unit $474,000 CAD
Sale Type Investment
Cap Rate 4.50%
No. Units 18
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Size 17,967 SF
Average Occupancy 100%
No. Stories 3
Year Built 2017

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Carpet
  • Double Pane Windows
  • Family Room
  • Pantry
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Clubhouse
  • Fitness Center
  • Picnic Area
  • Pool
  • Basketball Court
  • Grill
  • Pet Play Area
  • Car Charging Station

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 3 $2,862 CAD 1,299
2+2 9 $2,329 CAD 1,020
1+1 6 $11,454 CAD 794

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
54-316-0011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,973,868 CAD
Annual Taxes
$18,851 CAD ($1.05 CAD/SF)
Tax Year
2024
  • Listing ID: 33512062

  • Date on Market: 2024-10-14

  • Last Updated:

  • Address: 548 E 300 N, Vineyard, UT 84059

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