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Mountain Village Apartments 1680 E 300 S 48 Unit Apartment Building For Sale Price, UT 84501
INVESTMENT HIGHLIGHTS
- Rent Growth Potential: Opportunity to increase rents to max allowable limits under the LURA, unlocking immediate upside
- Economic Growth & Rentership Demand: Carbon County’s GDP reached $1.238?billion in 2023, while limited new housing supply stokes rent growth
- Large Floorplans: Units average 1,097 SF, offering significantly more livable space than comparables and driving tenant retention
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to announce the exclusive listing of Mountain Village, a well-located LIHTC multifamily asset in the growing community of Price, Utah. Properties of this size rarely come to market in the area, offering a unique opportunity in a supply-constrained submarket with strong renter demand.
The asset features spacious units and a central location near key retail corridors, providing long-term appeal for workforce tenants. Recent management improvements have enhanced operations, with further upside still to be realized. Supported by steady population growth, limited new housing construction, and ongoing commercial development in the region, Mountain Village is well-positioned to benefit from continued demand for quality, affordably priced rental housing.
The asset features spacious units and a central location near key retail corridors, providing long-term appeal for workforce tenants. Recent management improvements have enhanced operations, with further upside still to be realized. Supported by steady population growth, limited new housing construction, and ongoing commercial development in the region, Mountain Village is well-positioned to benefit from continued demand for quality, affordably priced rental housing.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.75 AC |
| No. Units | 48 | Building Size | 52,632 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2001 |
| Building Class | B | Parking Ratio | 2.05/1,000 SF |
| Zoning | R2 | ||
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.75 AC |
| Building Size | 52,632 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2001 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Picnic Area
- Playground
- Property Manager on Site
- Security System
- Video Patrol
- Cabana
- Grill
- Gas Range
- Lounge
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | - | 948 |
| 3+2 | 24 | - | 1,245 |
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PROPERTY TAXES
| Parcel Number | 01-2534-0000 | Improvements Assessment | $5,912,642 CAD |
| Land Assessment | $367,213 CAD | Total Assessment | $6,279,855 CAD |
PROPERTY TAXES
Parcel Number
01-2534-0000
Land Assessment
$367,213 CAD
Improvements Assessment
$5,912,642 CAD
Total Assessment
$6,279,855 CAD
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Mountain Village Apartments | 1680 E 300 S
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