The Village 21 Apartments – Multifamily

$3,775,000

Additional Information:

  • Off Market Sale – ALL CASH
  • The subject property was an affordable project with all tenants with Section 8 vouchers.  The buyer intends to continue with the affordability and make capital improvements to the project.
  • The Village consists of all 8 – 1+1 and 13 – 2+1 units.
  • The property was previously listed for over a year with an outside broker.  After the listing expired, LEOLA was able to secure an ALL CASH Buyer and close the escrow.
  • The property is located minutes to the 15 FWY in South Salt Lake.
  • The property has open parking for every unit.

Sale Indicators

  • 2-day Due Diligence, 5-day Close of Escrow – ALL CASH
  • No. Units: 21
  • Year Built: 1965
  • GRM 10.67
  • CAP: 6.16%
  • Building SF: 16,900
  • Lot SF: 32,234

Agent: