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Multifamily

Orchard Apartments

718 Orchard Dr, Bountiful, UT 84010

Listing Price: $3,750,000

Cap Rate
3.56%
Number of Units
14
Occupancy
97.0%
Price/Unit
$267,857
Price/Gross SF
$350.47
Gross SF
10,700

Investment Overview

Positioned just north of the Salt Lake Valley in the bedroom community of Bountiful Utah, the Orchard Apartments offers 14 Value-Add apartment units for investors. Orchard apartments have a great location just off of Orchard Drive giving tenants easy access to Davis County and down town Salt Lake City. The property is currently earning $1.40 PSF in rents and should be at or above $1.65 PSF. This property is a great opportunity to take advantage of the amazing rent growth on the Wasatch Front!

Investment Highlights

  • Great Location on Orchard Drive
  • Under Market Rents
  • Great Value Add Opportunity

Exclusively Listed By

  • Kristopher Mortensen

    Senior Associate

    (801) 736-2634

    Email Kristopher

    License(s): UT: 9789720-SA00

    Salt Lake City

  • Jacob J. Miles

    Senior Associate

    Email Jacob

    License(s): UT: 11449836-SA00, ID: SP53647

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

  • Brock Zylstra

    Senior Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

Multifamily

Orchard Apartments

Listing Price: $3,750,000

Cap Rate
3.56%
Number of Units
14
Occupancy
97.0%
Price/Unit
$267,857
Price/Gross SF
$350.47
Gross SF
10,700

Investment Highlights

  • Great Location on Orchard Drive
  • Under Market Rents
  • Great Value Add Opportunity

Investment Overview

Positioned just north of the Salt Lake Valley in the bedroom community of Bountiful Utah, the Orchard Apartments offers 14 Value-Add apartment units for investors. Orchard apartments have a great location just off of Orchard Drive giving tenants easy access to Davis County and down town Salt Lake City. The property is currently earning $1.40 PSF in rents and should be at or above $1.65 PSF. This property is a great opportunity to take advantage of the amazing rent growth on the Wasatch Front!

Exclusively Listed By

  • Kristopher Mortensen

    Senior Associate

    (801) 736-2634

    Email Kristopher

    License(s): UT: 9789720-SA00

    Salt Lake City

  • Jacob J. Miles

    Senior Associate

    Email Jacob

    License(s): UT: 11449836-SA00, ID: SP53647

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

  • Brock Zylstra

    Senior Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

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