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Multifamily

The Ashli

565 400 S, Provo, UT 84601

Listing Price: $5,500,000

Cap Rate
5.83%
Number of Units
24
Price/Unit
$229,167
Price/Gross SF
$119.12
Gross SF
46,173

Investment Overview

Within the growing Provo, Utah community resides The Ashli Apartments. Built in 1965, this opportunity offers potential residents the perfect combination of a quiet community and connectivity to the surrounding economic areas. The Ashli contains 24 2-bedroom units with varying floor plans and sizes and has recently undergone expansive renovations to increase value, appeal, and revenue for investors. Some of the major improvements include exterior paint and wood framing, wood-style flooring, quartz countertops, and stainless-steel appliances.

Investment Highlights

  • Newly renovated units.
  • Located in the heart of Provo with strong rental and population growth.
  • Property in lease-up, averaging $1,557 on signed leases.

Exclusively Listed By

  • Jacob J. Miles

    Senior Associate

    Email Jacob

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

    Salt Lake City

  • Kristopher Mortensen

    Senior Associate

    (801) 736-2634

    Email Kristopher

    License(s): UT: 9789720-SA00

    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

The Ashli

Listing Price: $5,500,000

Cap Rate
5.83%
Number of Units
24
Price/Unit
$229,167
Price/Gross SF
$119.12
Gross SF
46,173

Investment Highlights

  • Newly renovated units.
  • Located in the heart of Provo with strong rental and population growth.
  • Property in lease-up, averaging $1,557 on signed leases.

Investment Overview

Within the growing Provo, Utah community resides The Ashli Apartments. Built in 1965, this opportunity offers potential residents the perfect combination of a quiet community and connectivity to the surrounding economic areas. The Ashli contains 24 2-bedroom units with varying floor plans and sizes and has recently undergone expansive renovations to increase value, appeal, and revenue for investors. Some of the major improvements include exterior paint and wood framing, wood-style flooring, quartz countertops, and stainless-steel appliances.

Exclusively Listed By

  • Jacob J. Miles

    Senior Associate

    Email Jacob

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

    Salt Lake City

  • Kristopher Mortensen

    Senior Associate

    (801) 736-2634

    Email Kristopher

    License(s): UT: 9789720-SA00

    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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