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Apartment Complexes Wanted

Apartment Complexes Wanted

Posted on Oodle - 2 weeks ago
Price:
$5,000,000
Property Type:
Commercial & Office Space for Sale
Location:
Midvale, UT
For sale by:
For Sale by Agent/Broker

Midvale Description

Are you the owner of a multi-family apartment complex that has up to 150 units? Are you a Realtor that represents a client with such a property? One of my real estate clients is a developer. Heâd like the complex to have been built within the last twenty years and that has a sales cap rate of 7.0% or more. He'd also like the cost per door to be less than $100K!

Itâs very important that the property be located in an area that doesn't have raw land surrounding it. This will prevent the likelihood of additional development of multi-family units nearby. My client is not interested in competing for tenants in the future! And speaking of raw land, my client is involved in the acquisition of real property only. Raw land is of no interest at this time. The property may be anywhere in the state of Utah, and is NOT LIMITED TO SALT LAKE COUNTY!

My client's price range is in the $5,000,000 - $25,000,000 area. A purchase may be made with cash or terms. In addition, depending upon the situation, loans may be assumed as well! The time frame from offer to settlement is approximately 180 days. If the property is NOT on the MLS or other commercial websites such as Loopnet, PLEASE CONTACT ME IMMEDIATELY! And yes, I AM seriously looking for this type of property! Call ME today! Sylvia Metos, Prudential Utah Real Estate, 801/631-6250. Please send an email to me at smetos@pureutah.com.
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This Commercial Real Estate located at Midvale UT 84047 is currently for sale and was listed 2 weeks ago in Midvale, UT. See other Midvale Real Estate