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