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About This Home
This 16-bedroom, 16-bathroom residential multi family at 331 N 400 E in Logan, UT is listed for $2,995,000 ($399 per sqft). Built in 1965, the home offers 7,500 sqft of living space on a 0.62 acres lot.
Beautifully Remodeled 16 Unit Apartment Complex located in a quiet Neighborhood in Logan. This multi-family apartment complex is very attractive for both tenants as well as investors because its been 100% remodeled top to bottom inside and out! This Property Never has any vacancies.
Most tenants have been married students attending USU or working adults that want a brand new remodeled Apt near downtown Logan. It has 16 spacious studio apartments. Units #1-8 on the main floor and Units #9-16 are upstairs on the 2nd floor. Each apartment is the same size.
The property was completely remodeled in 2019. Brand New Everything! New Plumbing, New Electrical, Outlets and Fixtures, New Insulation, New Drywall, New Paint, New Flooring, New Cabinets, New countertop & Sinks, New Fridge, New Stove & New Microwave, New Furnaces & Water Heaters, New Culture Marble shower, New Exterior Doors and Interior Doors.
New Windows, New Blinds EVERYTHING is BRAND NEW on the Inside!!! Each unit rents for $1,000 which Includes Wifi. All 16 leases are all 12 month leases. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
PLEASE DO NOT DISTURB TENANTS. 2023 - Roof was Replaced 2024 - New gutters, New soffit & Fascia. New subfloor on upper walkway for 2nd story 2024 - New paint on exterior building and railings. Fresh black top sealing for parking lot and fresh painted lines and numbers in parking lot.
2024 - Brand new Fence on south side of property. Rents are below market. Rents could be raised to $1,050 - $1,100 per month before WIFI. Just barely made it pet friendly. So tenants pay $50 per month for pet rent. Adding a Laundromat on the property could easily generate $1,000 monthly or $12,000 annually Potential to add Covered parking to increase rent income as well. Please email the Owner with questions about the property and to set up a tour to come see this beautiful investment in person.
Key Features
- Built in 1965
- 0.62 acre lot
- 16 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$16,018/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
331 N 400 E
Logan, UT 84321
Property Details
Flooring
Parking
Heating
Questions & Answers
This 16-bedroom, 16-bathroom residential multi family at 331 N 400 E is listed at $2,995,000 ($399/sqft). The estimated monthly payment is $12,978 based on 20% down at 6.5% interest.
Key features include: Built in 1965, 0.62 acre lot, 16 parking spaces.
This property is listed by Bryce Anderson and can be reached at (801) 899-9102 or bryceandersonagent@gmail.com.