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The Yard 18-plex Modern Apartments 1125 W 250 S 18 Unit Apartment Building $7,416,247 CAD ($412,014 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 |
$485,330
|
$27.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,560
|
$0.81
|
| Effective Gross Income |
$470,770
|
$26.20
|
| Taxes |
$28,690
|
$1.60
|
| Operating Expenses |
$116,022
|
$6.46
|
| Total Expenses |
$144,712
|
$8.05
|
| Net Operating Income |
$326,058
|
$18.15
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $485,330 |
| Annual Per SF | $27.01 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,560 |
| Annual Per SF | $0.81 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $470,770 |
| Annual Per SF | $26.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,690 |
| Annual Per SF | $1.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $116,022 |
| Annual Per SF | $6.46 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $144,712 |
| Annual Per SF | $8.05 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $326,058 |
| Annual Per SF | $18.15 |
Property Facts
| Price | $7,416,247 CAD | Building Class | B |
| Price Per Unit | $412,014 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 | $7,416,247 CAD |
| Price Per Unit | $412,014 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 | $1,938 CAD | 795 - 813 |
| 2+2 | 9 | $2,338 CAD | 1,020 - 1,039 |
| 3+2 | 3 | $2,888 CAD | 1,300 - 1,323 |
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Property Taxes
| Parcel Number | 56-040-0003 | Total Assessment | $3,251,645 CAD (2025) |
| Land Assessment | $1,328,089 CAD (2025) | Annual Taxes | $28,690 CAD ($1.60 CAD/SF) |
| Improvements Assessment | $4,583,992 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
56-040-0003
Land Assessment
$1,328,089 CAD (2025)
Improvements Assessment
$4,583,992 CAD (2025)
Total Assessment
$3,251,645 CAD (2025)
Annual Taxes
$28,690 CAD ($1.60 CAD/SF)
Tax Year
2026
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The Yard 18-plex Modern Apartments | 1125 W 250 S
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