1976 W 4700 S
Roy, Utah

1976 W 4700 S
Roy, Utah

Acquisition

• Purchase price: $480,000.00
• Debt: $0
• Gross Scheduled Rents: $3,280
• Annual Taxes: $3,360.00
• Property management: 8%
• NOI: $2,760.00
• Cash on Cash: 7.0%

Property Description

• Subject is brick construction 4 unit property. All units feature 3 bedrooms and 1 bathroom all with in-unit laundry rooms. Central heat and swamp coolers for cooling.

Rents

Rents are at fair market value with two units leased after Covid-19

Strategy

This property is performing well with 3 doors priced at below market rents, as tenants vacate the rents will be increased to market value of $895.00 per door.

Current market value per redfin is $530,000.