1403 W PRESTON VILLA CV #7, West Jordan | Synapse Realty | Synapse Realty

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> 4 Units

Active

131Days on Market

$2,100,000

$234/sqft+3.6%/yrHome values in the 84663 zip code have grown an average of 3.6% per year over the last 5 years.

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About This Property

I'm interested

This is an excellent investment opportunity providing significant immediate cashflow. This 12-unit historic apartment building features eleven 1-bedroom units and one studio apartment, as well as 12 large onsite storage units, producing current monthly income of $12,650. Located in the heart of Springville, this property has consistent occupancy history and high rental demand when units become available. This is an opportunity to acquire a stabilized building in a core location with reliable day-one income and straightforward management. Seller is willing to finance 75% of the purchase price at 3.99% for 3 years.

Unit Breakdown

Type 1

1 bed · 1 bath · Square Feet: 1

$1,125/mo

Type 2

1 bed · 1 bath

$1,075/mo

Type 3

1 bed · 1 bath

$1,025/mo

Type 4

1 bed · 1 bath

$1,100/mo

Type 5

1 bed · 1 bath

$975/mo

Type 6

1 bed · 1 bath

$1,150/mo

Type 7

1 bed · 1 bath

$1,025/mo

Type 8

1 bath

$825/mo

Type 9

1 bed · 1 bath

$1,125/mo

Type 10

1 bed · 1 bath

$1,085/mo

Type 11

1 bed · 1 bath

$1,065/mo

Type 12

1 bed · 1 bath

$1,075/mo

Total Actual Rent(12 units)

$12,650/mo

Location

Estimated Monthly Payment

$11,706/mo

Down Payment$420,000 (20%)

Principal & Interest$10,651

Property Tax$661/mo

Insurance (est.)$394/mo

Est. Total$11,706/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2151603• Tax ID: 06-015-0003

Courtesy of Stephanie Lewis, Equity Real Estate (Results) · 801-592-2558 · buhler.stephanie@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.