Description
An investment opportunity at The Highway Apartments. Seller is offering $48,000 in concessions for improvements, interest buy down points, closing cost, etc. 100% Occupied. $9,263/month rent. All tenants are current (as of 06/27/2022). Centrally located on Carbonville Rd in Price, UT. The complex is made up of 14 remodeled studio apts. in two buildings and a 1 bed / 2 bath home w/basement. Each studio unit has a small kitchen with a hotplate, refrigerator, and microwave. Apts 14 and 09 have full bathrooms (w/tubs) and other apts have 3/4 bathrooms. Apt 08 has a full kitchen. Utility costs are low as each of the apt buildings have a shared central a/c (1 new) and forced air gas furnace (1 new). "Other" expense is highspeed wi-fi and phone through Emery Telcom. Only house and apt 09 have not been remodeled. Shared coin operated laundry ($150-$250/month addnl. income).
Location
Nearby Schools
CarbonHigh School
Courtesy of: Red Key Property Management & Real Estate Listing information provided courtesy of the Wasatch Front Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 18th August, 2022 12:53 AM (UTC)
