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The Yard 18-plex Modern Apartments 1125 W 250 S 18 Unit Apartment Building $7,540,696 CAD ($418,928 CAD/Unit) 4.40% Cap Rate American Fork, UT 84003
INVESTMENT HIGHLIGHTS
- Stabilized new 18-unit apartment building in American Fork.
- Prime Location: Walking distance to American Fork TRAX station; quick access to I-15, shopping, restaurants, and entertainment.
- Future rent appreciation anticipated after amenity completion.
- Built in 2024: Modern, luxury design with on-site management.
- Amenities: Clubhouse, pool, hot tub, gym (currently under construction).
- Investor friendly HOA
EXECUTIVE SUMMARY
IMPROVED PRICE!!
DATA ROOM Click Here to Access
- Market Information
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$493,474
|
$27.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,805
|
$0.82
|
| Effective Gross Income |
$478,669
|
$26.64
|
| Taxes |
$29,172
|
$1.62
|
| Operating Expenses |
$117,968
|
$6.57
|
| Total Expenses |
$147,140
|
$8.19
|
| Net Operating Income |
$331,529
|
$18.45
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $493,474 |
| Annual Per SF | $27.47 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,805 |
| Annual Per SF | $0.82 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $478,669 |
| Annual Per SF | $26.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,172 |
| Annual Per SF | $1.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $117,968 |
| Annual Per SF | $6.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $147,140 |
| Annual Per SF | $8.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $331,529 |
| Annual Per SF | $18.45 |
PROPERTY FACTS
| Price | $7,540,696 CAD | Building Class | B |
| Price Per Unit | $418,928 CAD | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 17,966 SF |
| Cap Rate | 4.40% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF - Multifamily | ||
| Price | $7,540,696 CAD |
| Price Per Unit | $418,928 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 17,966 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 2/1,000 SF |
| Zoning | MF - Multifamily |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Dining Room
- Family Room
- Instant Hot Water
- Pantry
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Clubhouse
- Fitness Center
- Pool
- Spa
- Community-Wide WiFi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,970 CAD | 795 - 813 |
| 2+2 | 9 | $2,377 CAD | 1,020 - 1,039 |
| 3+2 | 3 | $2,936 CAD | 1,300 - 1,323 |
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PROPERTY TAXES
| Parcel Number | 56-040-0003 | Total Assessment | $3,257,425 CAD (2025) |
| Land Assessment | $1,330,450 CAD (2025) | Annual Taxes | $29,172 CAD ($1.62 CAD/SF) |
| Improvements Assessment | $4,592,140 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
56-040-0003
Land Assessment
$1,330,450 CAD (2025)
Improvements Assessment
$4,592,140 CAD (2025)
Total Assessment
$3,257,425 CAD (2025)
Annual Taxes
$29,172 CAD ($1.62 CAD/SF)
Tax Year
2026
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The Yard 18-plex Modern Apartments | 1125 W 250 S
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