$ 2,990,000
8464 W STATE HWY Copperton, UT 84006
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$ 2,990,000
Est. payment /mo
Price Dropped by $160K
8464 W STATE HWY Copperton, UT 84006
24 Beds
16 Baths
13,312 SqFt
UPDATED:
10/16/2024 05:49 PM
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,312 sqft
Price per Sqft $224
MLS Listing ID 2023321
Style Stories: 2
Bedrooms 24
Construction Status Blt./Standing
HOA Y/N No
Year Built 1961
Annual Tax Amount $11,814
Lot Size 1.530 Acres
Acres 1.53
Lot Dimensions 0.0x0.0x0.0
Property Description
This unique investment opportunity involves the Canyon Apartments, a well-established 15-unit property complemented by adjacent land with the potential to add 18 more units. This value-add asset, constructed in 1961 and spanning approximately 13,312 square feet, offers a diverse mix of unit configurations including one 4BD/2BA unit, six 2BD/1BA units, and eight 1BD/1BA units. 9 of the 15 units have been renovated by current ownership. The property features onsite laundry facilities, ample parking, including covered spaces and seven carports allocated based on seniority, and has had recent capital improvements exceeding $100,000. These improvements encompass interior renovations, stucco repairs, new asphalt, a new electrical room and new concrete. The adjacent land offers the opportunity to develop 18 additional units. Proposed plans include 2BD/2BA units, each approximately 950 square feet
Location
State UT
County Salt Lake
Area Wj; Sj; Rvrton; Herriman; Bingh
Interior
Fireplace No
Exterior
Waterfront No
View Y/N No
Present Use Residential
Private Pool false
Building
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
Listed by Pathway Properties, LLC