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Sheri Albrecht-Booth

sheriboothteam@gmail.com +1(801) 361-3737

$ 3,820,000

Est. payment | -/mo

40 Beds

20 Baths

17,420 SqFt

Save

$ 3,820,000

Est. payment | -/mo

Save

40 Beds

20 Baths

17,420 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 17,420 sqft

Price per Sqft $219

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)

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(801) 361-3737

sheriboothteam@gmail.com

Learn More About LPT Realty

121 W 900 N Logan, UT 84321