Property
Beds
40
Full Baths
None
1/2 Baths
None
Year Built
1982
Sq.Footage
174
Rare 20-Unit Portfolio Opportunity to acquire a five-building fourplex portfolio (20 units total) on 1.09 combined acres in one of Logan, Utah's most sought-after rental markets. Rarely does a package of this scale become available in this submarket; an ideal opportunity for investors looking to grow their multifamily footprint with a single transaction. Investment Highlights: Projected 6.1% cap rate; with additional upside from on-site coin laundry income not factored into the calculation. Tenant-paid utilities (electric, gas, cable/internet) keep owner operating expenses lean and predictable. Built-in income upside; the on-site coin laundry offers a low-maintenance, easily scalable secondary revenue stream. Strong, consistent unit mix; all 20 units are townhome-style condominiums with desirable two-level layouts (2 bed/1 bath, ~888 sq ft), a floor plan that consistently attracts long-term tenants (buyer to verify square footage). Recent Capital Improvements: This portfolio has been well-maintained with major systems already updated; reducing near-term capital expenditures for the next owner: New roofs, all units (2018) New double-pane windows, all units (2023) New exterior paint, all units (2024) Property & Setting: Set among mature, established trees, the grounds offer a level of curb appeal that's hard to replicate in new construction; giving the property a lived-in, established neighborhood feel that tenants value. Parcels Included: 05-047-0051, 05-047-0052, 05-047-0053, 05-047-0054, 05-047-0056
Features & Amenities
Interior
-
Total Bedrooms
40
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Clapboard
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.09
-
Lot Size(square feet)
47,480
-
Property Type
Residential
-
Property Sub Type
Quadruplex
-
Architectural Style
Stories: 2
Price
-
Sales Price
$3,820,000
-
Tax Amount
$15,150
-
Zoning
R-3
-
Sq. Footage
174
-
Price/SqFt
$21,954
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
Logan
-
Middle School
Mt Logan
-
High School
Logan
Property Features
-
New Construction
NO
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Cache
Elementary School
Logan
Middle School
Mt Logan
High School
Logan
Listing Courtesy of Chris Nielsen, Equity Real Estate (Bear River)
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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