SUNRIDGE TOWNHOME APARTMENTS – MULTIFAMILY

$9,800,000
  • Apartments
  • 277 S 1000 E SAINT GEORGE, UT 84770

Additional Information:

  • Off Market Sale
  • The subject property was an affordable project at the end of its LURA.  The buyer will reposition the asset and convert it to market rate.
  • The Sunridge Townhomes consist of all 1 – 1+1, 11 – 2+2 and 40 – 3+2 units with laundry in each unit.
  • The purchaser’s strategy is to rehab, reposition and increase the rent.
  • The property is located across the street from Utah Tech University.
  • Property has covered, open parking for every unit.

Sale Indicators

  • No. Units: 52
  • Year Built: 1998
  • GRM 17.04
  • CAP: 3.71%
  • Building SF: 60,642
  • Lot SF: 132,858

Agent:

Jesus H. Henao

Managing Principal / Broker

Andre J. Henao

Investment Associate
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