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1126 W 250 S 18 Unit Apartment Building $6,541,225 CAD ($363,401 CAD/Unit) 5.02% Cap Rate American Fork, UT 84003
Investment Highlights
- Brand new 2024 construction — 18-unit stabilized multifamily, no deferred maintenance
- 83% occupied with individually metered units — ideal 1031 exchange or passive income investment
- Strong NOI of $238,642 (2025 actual) — 5.03% cap rate at $4.75M asking price
Executive Summary
Newly constructed in 2024, this stabilized 18-unit multifamily asset offers investors a rare opportunity to acquire a modern, low-maintenance property with strong in-place rents and high occupancy. Professionally managed and thoughtfully designed, the building features contemporary finishes and efficient unit layouts that continue to drive tenant demand. Located in the heart of Utah County with convenient access to major employment centers, retail, and transportation corridors. With no deferred maintenance and minimal capital expenditure requirements, this property is well-suited for investors seeking predictable cash flow, long-term appreciation, and accelerated depreciation benefits. An excellent hands-off acquisition for 1031 exchange buyers or investors seeking a high-quality, stabilized multifamily asset.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $6,541,225 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $363,401 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 5.02% | Building Size | 17,965 SF |
| Gross Rent Multiplier | 15.6 | Average Occupancy | 83% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | R3 - Multi-Family Residential | ||
| Price | $6,541,225 CAD |
| Price Per Unit | $363,401 CAD |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| Gross Rent Multiplier | 15.6 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 17,965 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3 - Multi-Family Residential |
Amenities
Unit Amenities
- Balcony
- Granite Countertops
- Oven
- Range
- Walk-In Closets
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,949 CAD | 800 |
| 2+2 | 9 | $2,224 CAD | 1,026 |
| 3+2 | 3 | $2,499 CAD | 1,206 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 56-040-0009 | Total Assessment | $3,092,445 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
56-040-0009
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$3,092,445 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Riverstone Utah
1126 W 250 S
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