Log In/Sign Up
Your email has been sent.
Pineridge Farms Apartments 384 W 650 N 4 Unit Apartment Building $1,326,039 CAD ($331,510 CAD/Unit) 4.79% Cap Rate Payson, UT 84651
Investment Highlights
- 100% Occupancy
- Great Cap Rate
- Low Maintenance Cost
Executive Summary
Stabilized 4-Plex Investment – 384 W 650 North, Payson, Utah
This fully occupied 4-plex delivers strong income and professional management in one of Utah County’s fastest-growing rental markets. With zero vacancy and gross monthly income of $5,600, it’s a performing asset with immediate cash flow.
2025 Projected Performance
Gross Monthly Income: $5,600
Gross Annual Scheduled Income: $67,200
Expenses: $21,568
Net Operating Income (NOI): $46,466
Occupancy: 100%
Property Value: $975,000
4.77% projected for 2025
*Please note - interior and common area photos are stock photos and not actual units.
This fully occupied 4-plex delivers strong income and professional management in one of Utah County’s fastest-growing rental markets. With zero vacancy and gross monthly income of $5,600, it’s a performing asset with immediate cash flow.
2025 Projected Performance
Gross Monthly Income: $5,600
Gross Annual Scheduled Income: $67,200
Expenses: $21,568
Net Operating Income (NOI): $46,466
Occupancy: 100%
Property Value: $975,000
4.77% projected for 2025
*Please note - interior and common area photos are stock photos and not actual units.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (Pro Forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,326,039 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $331,510 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 4.79% | Building Size | 4,432 SF |
| Gross Rent Multiplier | 15.64 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.45/1,000 SF |
| Zoning | S-1 - Single Family | ||
| Price | $1,326,039 CAD |
| Price Per Unit | $331,510 CAD |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| Gross Rent Multiplier | 15.64 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.02 AC |
| Building Size | 4,432 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | S-1 - Single Family |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Double Pane Windows
- Family Room
- Pantry
- Patio
- Window Coverings
Site Amenities
- Clubhouse
- Picnic Area
- Playground
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,914 CAD | 1,086 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $1,541,048 CAD | |
| Land Assessment | $840,462 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,961,443 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$840,462 CAD
Improvements Assessment
$1,961,443 CAD
Total Assessment
$1,541,048 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Pineridge Farms Apartments | 384 W 650 N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.