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Multifamily

296 W Pages Lane

296 W 1600 N, Bountiful, UT 84010

Listing Price: $2,475,000

Cap Rate
5.61%
Number of Units
11
GRM
10.75
Price/Unit
$225,000
Price/Gross SF
$225.00
Gross SF
11,000

Investment Overview

Few properties in Bountiful offer the same investment potential as Pages Lane. While most of the real estate resides east in the suburbs, Pages Lane is a property with quick access to everything a resident could need. Within 3 miles, renters have access to Bountiful’s largest commercial centers, multiple freeway entrances, and even quick travel to Salt Lake City international airport. Additionally, the properties units are larger than average for multifamily properties in the area. Units at Pages Lane are, on average, over 1000 square feet, with nearly half of the units at 1450 Square feet. Combined with the properties competitive cap rate, these features make Pages Lane the perfect opportunity for private investors looking for properties in the Davis County market.

Investment Highlights

  • As a value-add property, 6 of the units are primed for cosmetic renovations which can result in $150+ rental rate increase.
  • Pages Lane has larger than average floor plans, with each unit averaging 1,068 square feet or higher.
  • This opportunity resides in a desirable Bountiful neighborhood, situated close to various shopping centers and transportation.

Exclusively Listed By

  • Jacob J. Miles

    Senior Associate

    (801) 736-2654

    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

296 W Pages Lane

Listing Price: $2,475,000

Cap Rate
5.61%
Number of Units
11
GRM
10.75
Price/Unit
$225,000
Price/Gross SF
$225.00
Gross SF
11,000

Investment Highlights

  • As a value-add property, 6 of the units are primed for cosmetic renovations which can result in $150+ rental rate increase.
  • Pages Lane has larger than average floor plans, with each unit averaging 1,068 square feet or higher.
  • This opportunity resides in a desirable Bountiful neighborhood, situated close to various shopping centers and transportation.

Investment Overview

Few properties in Bountiful offer the same investment potential as Pages Lane. While most of the real estate resides east in the suburbs, Pages Lane is a property with quick access to everything a resident could need. Within 3 miles, renters have access to Bountiful’s largest commercial centers, multiple freeway entrances, and even quick travel to Salt Lake City international airport. Additionally, the properties units are larger than average for multifamily properties in the area. Units at Pages Lane are, on average, over 1000 square feet, with nearly half of the units at 1450 Square feet. Combined with the properties competitive cap rate, these features make Pages Lane the perfect opportunity for private investors looking for properties in the Davis County market.

Exclusively Listed By

  • Jacob J. Miles

    Senior Associate

    (801) 736-2654

    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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