FOR SALE 590 South 100 East Bountiful, Utah 84010
MILL HOLLOW | DAVIS COUNTY
16 Units, 2BD | 1 BA
KEVIN HART
Vice President Private Capital Markets 801.961.1373 Kevin@WinCRE.com 2348 So. Foothill Drive, Salt Lake City, UT
Offered at $1,400,000 $87,500 Per Unit
FOR SALE 590 South 100 East Bountiful, Utah 84010
SITE & PROPERTY INFORMATION
OPERATING PRO FORMA RENTAL INCOME
$143,640
VACANCY (8%)
$11,491
OTHER INCOME
$14,685
Year Built
1995
EFFECTIVE GROSS INCOME
$146,834
County
Davis
($50,678) $3,169/door
Parking
16 Covered | 7 Uncovered
OPERATION EXPENSES NET OPERATING INCOME
$96,156
Address
590 South 100 East Bountiful, Utah 84010
Metering
Individually metered for electricity & gas. Master metered for water, sewer & trash.
OFFERING TERMS & FINANCING UNITS
16 UNITS
PRICE
$1,400,000
PRICE/UNIT
$87,500
Total / SQ.FT.
13,560
Price / SQ. FT.
103.24
PRO FORMA CAP RATE
6.87%
CASH ON CASH YEAR 1
7.69%
LTV
75%
INTEREST RATE
5%
HVAC
Gas forced air furnace and central air.
Construction Type
Wood frame with brick and vinyl siding
Roofing
Pitched asphalt shingles - Replaced in 2012
KEVIN HART
Vice President Private Capital Markets 801.961.1373 Kevin@WinCRE.com 2348 So. Foothill Drive, Salt Lake City, UT
Financials Available Upon Request *All information was provided by a third party. Buyer to verify all information. Square footage provided is estimate only.
FOR SALE 590 South 100 East Bountiful, Utah 84010
16 Total Units, Class B Property
Prime Location in Davis County
MILL HOLLOW | DAVIS COUNTY ADDITIONAL FEATURES • Mill Hollow was constructed in 1994 and finished in 1995 under the Section 42 LIHTC program (restricted income) and has extended use restrictions in place till December 2024. • Mill Hollow is located in a quite neighborhood in Bountiful, and is just 11 miles from downtown Salt Lake City. The property benefits from easy access via 500 south to Interstate 15 just 1 mile west. • The Commons at West Bountiful is less than 2 miles from major shopping and retail Costco, Lowes, Starbucks etc. • Onsite laundry facility. • Full sized two car garage. • Extra storage closets for each unit. • Mill Hollow is a 16 unit income restricted tax credit apartment community
KEVIN HART
Vice President Private Capital Markets 801.961.1373 Kevin@WinCRE.com 2348 So. Foothill Drive, Salt Lake City, UT
Financials Available Upon Request *All information was provided by a third party. Buyer to verify all information. Square footage provided is estimate only.
FOR SALE 590 South 100 East Bountiful, Utah 84010
Image Provided by Google Earth from Approx 10,000 ft. Elevation
KEVIN HART
Vice President Private Capital Markets 801.961.1373 Kevin@WinCRE.com 2348 So. Foothill Drive, Salt Lake City, UT
Financials Available Upon Request *All information was provided by a third party. Buyer to verify all information. Square footage provided is estimate only.