23-Unit Apartment Complex for Sale by Owner in Logan, UT

Property Description

Successful 23-Unit Apartment Complex for Sale by Owner in Logan, UT – Fully Occupied, Long-Term Tenants, High Rental Demand

This well-established 23-unit apartment complex in Logan, UT, offers an excellent investment opportunity with 100% occupancy and an average tenant stay of just under 4 years. Built in 1991, this complex features a mix of spacious units, all consistently rented at $1,000 per month.

Property Details:

4 Buildings with 4 Units each, featuring 1,700 SQFT of space, including 3 Bedrooms, 2 Bathrooms, and a Garage
2 Buildings with smaller units at 1,400 SQFT (1 building has 3 units and 1 building has 4)
100% Occupancy with tenants who typically stay an average of 4 years
Built in 1991 with strong, consistent rental demand
Rental Rate: $1,000/month per unit
This successful apartment complex has been managed by the current owners for over 20 years, delivering a stable income stream and offering a solid return on investment. With a proven track record of long-term tenants, this is an ideal opportunity for investors looking to capitalize on Logan's growing rental market.

Reasons to Buy:

100% occupancy rate with a solid history of high demand
Well-maintained units with long-term tenants
Strong rental income at $1,000 per month per unit
Ideal for investors seeking steady cash flow with minimal turnover
Price: $5,832,000

This is a fantastic opportunity for investors seeking a turnkey rental property with a proven track record. Don’t miss out on this opportunity to own a well-maintained and successful apartment complex in Logan, UT.

Contact us today for more information or to schedule a viewing (435) 994-0023!

Details & Amenities

• Heating:

• Cooling:

• Auxiliary SQ FT: 200

Listing History

Property Location

190 West 700 North, Logan, UT 84321, USA, City - Cache County