Copperton, UT 84006,8464 W STATE HWY
Copperton, UT 84006,8464 W STATE HWY
Copperton, UT 84006,8464 W STATE HWY
Copperton, UT 84006,8464 W STATE HWY
Copperton, UT 84006,8464 W STATE HWY
Copperton, UT 84006,8464 W STATE HWY
See all 40 photos

$2,200,000

$2,300,000

4.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

22 Beds

16 Baths

13,312 SqFt


SOLD DATE : 08/15/2022

Key Details

Sold Price $2,200,000

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 13,312 sqft

Price per Sqft $165

MLS Listing ID 1793648

Sold Date 08/15/22

Style Stories: 2

Bedrooms 22

Construction Status Blt./Standing

HOA Y/N No

Year Built 1961

Annual Tax Amount $9,018

Lot Size 1.220 Acres

Acres 1.22

Lot Dimensions 0.0x0.0x0.0

Property Description

VALUE ADD OPPORTUNITY! Property has been self-managed at a 4.4% cap rate. Excellent opportunity to introduce professional management, remodel the units, increase rents, and improve the cap rate. 1-bed units have been renting for $685, though 2 1-bed units are being turned and should be rented at $725 - 750 within a week. 100% occupancy otherwise. The Canyon Apartments have been a trusted housing option in the Copperton area for decades. Located west of Mountain View Corridor, this property is excellently located to support the growing housing & employment market in the western part of Salt Lake County. This 15-unit apartment complex features 9 1-bedroom, 5 2-bedroom, and 1 3-bedroom apartment that includes a deck and 2-car garage. Property includes plenty of parking & 7 carports with usage based on seniority. Buyer/agent to verify all data, including but not limited to unit square footage sizes. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Please do not disturb tenants. Call agents for showing details/appointments. Additional land (MLS 1794434, $400k, .31 acre) for sale adjacent to the property where the dumpster currently sits, which may allow expansion of the apartments (buyer to verify). See agent remarks for important notes & disclosures.

Location

State UT

County Salt Lake

Area Wj; Sj; Rvrton; Herriman; Bingh

Zoning Multi-Family, Commercial

Interior

Heating Electric

Equipment Storage Shed(s)

Fireplace false

Window Features Blinds

Exterior

Exterior Feature Deck; Covered

Garage Spaces 2.0

Carport Spaces 7

Utilities Available Sewer Connected, Sewer: Septic Tank

Waterfront No

View Y/N Yes

View Mountain(s), Valley

Present Use Residential

Topography Additional Land Available, Fenced: Part, Sidewalks, Sprinkler: Auto-Part, View: Mountain, View: Valley

Total Parking Spaces 9

Private Pool false

Building

Lot Description Additional Land Available, Fenced: Part, Sidewalks, Sprinkler: Auto-Part, View: Mountain, View: Valley

Faces South

Sewer Sewer: Connected, Septic Tank

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools None/Other

Middle Schools None/Other

High Schools None/Other

Others

Senior Community No

Tax ID 26-08-377-010

Acceptable Financing Cash, Commercial Fin. Req., Conventional

Horse Property No

Listing Terms Cash, Commercial Fin. Req., Conventional

Financing Conventional

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Listed by Prime Real Estate Experts, LLC
Bought with Exit Realty Plus, Inc
agent-avatar

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(801) 668-4668

shawn@shawncottle.com

2380 S 1900 W, Haven, UT, 84401, United States

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