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Jason Wilcock

jasonwilcock@realutahhomes.com +1(435) 590-4480

$ 3,820,000

Est. payment | -/mo

40 Beds

20 Baths

174 SqFt

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$ 3,820,000

Est. payment | -/mo

Save

40 Beds

20 Baths

174 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 174 sqft

Price per Sqft $21,954

MLS Listing ID 2185729

Style Stories: 2

Bedrooms 40

Construction Status Blt./Standing

HOA Y/N No

Year Built 1982

Annual Tax Amount $15,150

Lot Size 1.090 Acres

Acres 1.09

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Quadruplex

Property Description

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

Location

State UT

County Cache

Area Logan; Nibley; River Heights

Zoning Multi-Family

Interior

Heating Forced Air, Gas: Central

Flooring Carpet, Linoleum

Inclusions Range, Range Hood, Refrigerator

Fireplace No

Window Features Blinds,Drapes

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat

Total Parking Spaces 40

Private Pool No

Building

Lot Description Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full

Faces South

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Stories: 2

Structure Type Clapboard

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Bridger

Middle Schools Mt Logan

High Schools Logan

School District Logan

Others

Senior Community No

Tax ID 05-047-0054

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Listed by Equity Real Estate (Bear River)

NEARBY SCHOOLS & PROPERTIES

+1(435) 590-4480

jasonwilcock@realutahhomes.com

310 N Main St., Heber, UT 84032

121 W 900 N Logan, UT 84321

Jason Wilcock

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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