Mill Hollow by Kevin Hart

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.