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656 W 700 S 16 Unit Apartment Building $5,667,635 CAD ($354,227 CAD/Unit) 4.96% Cap Rate Tremonton, UT 84337
Investment Highlights
- 5% Cap Rate on Existing NOI
- 2024-2025 nine units were gutted and remodeled with new flooring, new paint and appliances
- Assumable FHA loan, 3.8% interest expires 2035
- 16, 2 story townhomes, 2Xbeds/1Xbath with fully remodeled double carports
- Resurfaced parking in 2025
Executive Summary
Meadow Park Townhomes
Located in Tremonton, Utah, the Meadow Park Townhomes community has had long-term occupants, many for 5 to 10 years
Adjacent to a city park with playgrounds and soccer fields, Basketball courts within a few steps
16, 2 story townhomes, 2Xbeds/1Xbath with fully remodeled double carports
Washer and dryer hookup on the main floor
2024-2025 nine units were gutted and remodeled with new flooring, new paint and appliances
Resurfaced parking in 2025
Tenants pay gas and power in separate meters
Assumable FHA loan, 3.8% interest expires 2035
Located in Tremonton, Utah, the Meadow Park Townhomes community has had long-term occupants, many for 5 to 10 years
Adjacent to a city park with playgrounds and soccer fields, Basketball courts within a few steps
16, 2 story townhomes, 2Xbeds/1Xbath with fully remodeled double carports
Washer and dryer hookup on the main floor
2024-2025 nine units were gutted and remodeled with new flooring, new paint and appliances
Resurfaced parking in 2025
Tenants pay gas and power in separate meters
Assumable FHA loan, 3.8% interest expires 2035
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 | $5,667,635 CAD | Apartment Style | Townhome |
| Price Per Unit | $354,227 CAD | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 16,000 SF |
| Cap Rate | 4.96% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $5,667,635 CAD |
| Price Per Unit | $354,227 CAD |
| Sale Type | Investment |
| Cap Rate | 4.96% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.49 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2023 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | - | 1,000 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $4,319,032 CAD | |
| Land Assessment | $1,767,936 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,551,096 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$1,767,936 CAD
Improvements Assessment
$2,551,096 CAD
Total Assessment
$4,319,032 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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656 W 700 S
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