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Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,898 sqft
Price per Sqft $140
Subdivision Fassio Subdivision
MLS Listing ID 1805105
Sold Date 12/06/22
Style Studio Apt
Bedrooms 16
Construction Status Blt./Standing
HOA Y/N No
Year Built 1938
Annual Tax Amount $4,271
Lot Size 0.540 Acres
Acres 0.54
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type > 4 Units
Property Description
An investment opportunity at The Highway Apartments. Seller is offering $48,000 in concessions for improvements, interest buy down points, closing cost, etc. 100% Occupied. $9,263/month rent. All tenants are current (as of 06/27/2022). Centrally located on Carbonville Rd in Price, UT. The complex is made up of 14 remodeled studio apts. in two buildings and a 1 bed / 2 bath home w/basement. Each studio unit has a small kitchen with a hotplate, refrigerator, and microwave. Apts 14 and 09 have full bathrooms (w/tubs) and other apts have 3/4 bathrooms. Apt 08 has a full kitchen. Utility costs are low as each of the apt buildings have a shared central a/c (1 new) and forced air gas furnace (1 new). "Other" expense is highspeed wi-fi and phone through Emery Telcom. Only house and apt 09 have not been remodeled. Shared coin operated laundry ($150-$250/month addnl. income).
Location
State UT
County Carbon
Area Price; Carbonville
Zoning Multi-Family, Commercial
Interior
Heating Gas: Central
Flooring Linoleum, Tile, Vinyl
Fireplace false
Window Features Blinds
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Flat
Present Use Residential
Topography Corner Lot, Sidewalks
Accessibility Single Level Living, Customized Wheelchair Accessible
Total Parking Spaces 20
Private Pool false
Building
Lot Description Corner Lot, Sidewalks
Faces East
Sewer Sewer: Connected
Water Culinary
Structure Type Cinder Block,Stucco
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools Carbon
School District Carbon
Others
Senior Community No
Tax ID 02-1031-0000
Acceptable Financing Cash, Conventional, Down Payment Assist., Exchange
Horse Property No
Listing Terms Cash, Conventional, Down Payment Assist., Exchange
Financing Cash
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