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Willow Creek Apartments 819 W 50 N 12 Unit Apartment Building $4,159,842 CAD ($346,653 CAD/Unit) 6.81% Cap Rate Richfield, UT 84701

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INVESTMENT HIGHLIGHTS

  • Incredible opportunity super rare on the market by the College.
  • 100% occupancy from stable, consistent and quality tenants.

EXECUTIVE SUMMARY

Cash Cow. 100% occupancy, stable, consistent and quality tenants. Incredible opportunity super rare on the market by the College. Rents are below current market value and can be rented for $1,400.00 per month per unit now current rents average are $1,083.33 per month. Property is in a prime area in Richfield Utah by the Snow College and will always hold best possible value In Richfield because is by the College in a very well kept grounds and neighborhood. All 12 apartments are in an excellent condition always fully occupied. This building is a family oriented building with great families and tenants who work full time and no one missing rents. All leases are month to month. There is a community orchard used by all tenants for relaxation, horse shoe games, barbecue and fruit trees. Management is very responsive same day service if needed and everyone appreciates being treated as family therefore representing strong hard working community being a responsible positive influence for whole county and region.

PROPERTY FACTS

Price $4,159,842 CAD
Price Per Unit $346,653 CAD
Sale Type Investment
Cap Rate 6.81%
Gross Rent Multiplier 19.1
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.11 AC
Building Size 13,800 SF
Average Occupancy 100%
No. Stories 3
Year Built 2013
Opportunity Zone Yes

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Ceiling Fans
  • Wheelchair Accessible (Rooms)

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 12 $1,452 CAD 1,042
  • Listing ID: 36235382

  • Date on Market: 2025-06-12

  • Last Updated:

  • Address: 819 W 50 N, Richfield, UT 84701

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