Back to Results
Prev Next

200 W 1700 S, Clearfield, UT

$2,250,000 - 51 Beds - 20 Baths - 28,700 Sqft - 2.52 Acres

Spacious 2 & 3 bedroom 20 Unit apartment complex + excess land to build an additional 20 units (permitted density in R-3 zone is 16 units/acre (2.52 acres x 16 units acre = 40.32 units.) .No formal approvals in place for the additional 20 units. Rents on existing units are well below market with substantial upside. Current NOI $121,400 - 5.41% cap rate at $2.25M purchase price and a 6.7% cap rate at proforma NOI of $150,400. Proforma NOI is closer to 7.7% after backing out $300K for the excess land. Land Development Opportunity for additional returns. Buyer and buyer agent to verify all. Listing agent has a fractional ownership in this property. Do not disturb tenants, no showings without an accepted LOI or offer.

Essential Information

For 200 W 1700 S, Clearfield, UT
  • MLS® # 1657525
  • Price $2,250,000
  • Bedrooms 51
  • Bathrooms 20.00
  • Square Footage 28,700
  • Acres 2.52
  • Year Built 1944
  • Type Multi-Unit
  • Sub-Type > 4 Units
  • Style 2 - Story
  • Status Under Contract

Community Information

For 200 W 1700 S, Clearfield, UT
  • Address 200 W 1700 S
  • City Clearfield
  • County Davis
  • State UT
  • Zip Code 84015

Area

For 200 W 1700 S, Clearfield, UT

Syrcs; W Pnt; Clrfld; Clntn; S Hpr

Amenities

For 200 W 1700 S, Clearfield, UT
  • Features Range, Refrigerator
  • Parking Spaces 60
  • Garages Parking: Uncovered

Amenities

For 200 W 1700 S, Clearfield, UT

Laundry: Hookups, Electric Dryer Hookup

Utilities

For 200 W 1700 S, Clearfield, UT

Sewer: Connected, Sewer: Public, Water: Connected, Gas: Connected, Power: Connected

Interior

For 200 W 1700 S, Clearfield, UT
  • Interior Features Range/Oven: Free Stdng.
  • Heating Forced Air, Gas: Central

Exterior

For 200 W 1700 S, Clearfield, UT
  • Exterior Cinder Block
  • Windows Blinds
  • Roof Membrane
  • Construction Blt./Standing

Lot Description

For 200 W 1700 S, Clearfield, UT

Sidewalks, Terrain: Flat, Fenced: Full, Road: Paved

School Information

For 200 W 1700 S, Clearfield, UT
  • District Davis
  • Elementary Antelope
  • Middle North Davis
  • High Clearfield

Additional Information

For 200 W 1700 S, Clearfield, UT
  • Date Listed February 28th, 2020
  • Days on Market 37
  • Zoning Multi-Family

Listing Details

For 200 W 1700 S, Clearfield, UT
  • Office Investment Realty Advisors LLC

Terms Of Use

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.

The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.