Rare Investment Opportunity! Stabilized new 18 unit Apartment Building. On site management. Built 2024. Hard to find, 3-story modern 18-plex apartment building is a fantastic investment. Owner prefers to close after 01/01/2025, however Owner would consider December closing with a strong offer. Located in American Fork, UT, within walking distance of the American Fork TRAX station. Quick access to I-15, shopping, restaurants, entertainment. Amenities: Clubhouse, Pool, Gym (Currently under construction). The Yard development consists of twelve 18-plex buildings (total 216 units). Each building has a single tax ID & owned by individual entity. (3) 3 bed 2 bath units, (9) 2 bed 2 bath units, and (6) 1 bed 1 bath units. Each unit has a patio or balcony. Current rents are below market, anticipating rent increases. Please see the OM for more info. Modern Living at its finest, open floor plan, big windows for natural light, wood type flooring, granite countertops throughout, upgrade white cabinets, upgraded hardware, 9' ceilings. Controlled access. Viewing information: Please call for an appointment. Agent must coordinate with on site management for tour of the actual building. Model unit is available to tour during business hour. All information is deemed reliable but not guaranteed. Buyer is responsible to verify all listing information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$32.6K
Per Month
Principal & Interest
$29.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$3,184
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$17.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Legacy Elementary School
28 E 1340 N
Distance between this listing and this school0.46 miles
Public District Grades KG-6
8
/10
Shelley Elementary School
602 N 200 W
Distance between this listing and this school0.74 miles
Public District Grades KG-6
4
/10
Forbes Elementary School
281 N 200 E
Distance between this listing and this school1.34 miles
Public District Grades KG-6
Nearby Schools
8
/10
Lincoln Academy
1582 W 3300 N
Distance between this listing and this school2.17 miles
Public Charter Grades KG-9
7
/10
Renaissance Academy
3435 N 1120 E
Distance between this listing and this school2.58 miles
Public Charter Grades KG-9
5
/10
Canyon Grove Academy
588 W 3300 N
Distance between this listing and this school2.88 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
American Fork Junior High School
20 W 1120 N
Distance between this listing and this school0.35 miles
Public District Grades 7-9
5
/10
American Fork High School
510 N 600 E
Distance between this listing and this school1.54 miles
Public District Grades 10-12
7
/10
Mountain Ridge Junior High School
5525 W 10400 N
Distance between this listing and this school1.58 miles
The neighbors living near this home have an average income of $87,990. Residents of American Fork, UT typically earn between $35k-100k each year. The majority of families are married, with kids. The most common level of education of people living in this area is post secondary degree.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1125 W 250 S Unit 3 in American Fork, UT and zip code 84003. This 17,967 square foot home, which was built in 2024, sits on a 0.59 acre lot. Features: 33 bedrooms, 30 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $5,900,000.
The inventory of homes for sale in American Fork, UT between October 2024 and November 2024 increased by 16.3%. In November 2024, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $510,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved. 
Minor League Baseball Games
Minor League Baseball Games
Hiking/backpacking
NBA/WNBA
New York & Company
Nordstrom Rack
Ross Dress For Less
Chick-fil-A
Chipotle
Qdoba
Kia
Mazda
Infiniti
Talk/Personality
Rock