current rents: 2 bedroom/1 bath/ 833 sqft $950 1 bedroom/1 ... · 2 beds 1.0 baths $950 rent (801)...

George Richards

CCIM (801) 631-9963 (mobile)

george@chapmanrichards.com

$4,995,000 OFFERED AT

Park View Apartments 247 Vine Street

Murray, Utah

30 UNIT APARTMENT BUILDING FOR SALE!

• Located In the Heart Of Murray • Built In 1970, Updated In 2016

• (12) 1 Bedroom, 1 Bath Units • (18) 2 Bedroom, 1 Bath Units

• 30 Covered Parking Stalls • Open & Light

• Great Location-Overlooking Murray Park • Close To Shopping & Restaurants

• On Site Laundry Facility

CURRENT RENTS: 2 Bedroom/1 Bath/ 833 Sqft $950 1 Bedroom/1 Bath/ 721 Sqft $825

Liz Smith

Co-Agent (801) 580-3971 (mobile)

lizsmith@chapmanrichards.com

Gorgeous 1-bedroom in the heart of Murray withUpdated Features, Central Heating and Patio!

1BEDS

1.0BATHS

$825RENT

(801) 654-0161www.conceptproperty.com

PROPERTY ADDRESS

247 East Vine Street - 04Murray, UT 84107

SQUARE FEET: 721 AVAILABLE: --

DESCRIPTION

Don't miss out on this super cute & very spacious 1 bedroomapartment in the heart of Murray!

To arrange a viewing or for more information please call/text801-701-1008 or email us: central@conceptproperty.com

These spacious apartments offer:

*New Vinyl (select units)* Large bedroom!* Patio area off of Living Room.* Walk-in Closet in Bedroom!* Hall Storage!* Great Natural Light.* Open Dining and Living Space.* Separate sink from bathroom.* LED lighting throughout.* Large Bathroom

The Community Boasts:

* Conveniently located just off of I-15* Overlooks a beautiful Murray Park* Close to Shopping & Restaurants Galore!* Easy access to Trax and Frontrunner* On-site Laundry Facility!

Call us today to see this fantastic apartment! It won't last long.801-701-1008

Security deposit $650 OAC

Absolutely no smokingNo petsIncome requirement: 3x monthly rent amount

Resident is responsible for all utilities (w/s/t flat fee).Photos may be of similar unit.

RENTAL TERMS

$825Rent$650Security Deposit

$35Application Fee

Amazing 2-bedroom right next to Murray Park w/private balcony & washer/dryer hookups!!!

2BEDS

1.0BATHS

$950RENT

(801) 654-0161www.conceptproperty.com

PROPERTY ADDRESS

247 East Vine Street - 17Murray, UT 84107

SQUARE FEET: 833 AVAILABLE: --

DESCRIPTION

Charming and large 2 bedroom in Downtown Murray with aGreat View!

For questions or to schedule an appointment to view, Call/TextSage @ (801)701-1008 or email Central@conceptproperty.com

Also includes:

* Tons of Natural Light* Private Balconies* Accent Walls* Air conditioning* Lots of storage with full washer/dryer hook ups* Reserved Covered Parking* On-Site Laundry* 24 Hour Emergency Maintenance available

Incredible Location close to:

* I15* Front runner and Bus Stops* Great Schools* Plenty of Parks including Murray City Park, Shops and withinwalking distance to State Street.

Deposit: $650 DepositResident is responsible for all utilities.

*Acceptance is based on approved credit.*No Pets*NO SMOKERS*Pictures may be of a similar unit.

RENTAL TERMS

$950Rent$650Security Deposit

$35Application Fee

RENT ROLL AND EXPENSES

PARKVIEW APARTMENTS

November 2018 – October 31, 2019.

Gross Operating Income (GOI) - $316,850

Less Expenses - $120,400

Net Operating Income (NOI) - $196,450

Proforma GOI = $331,164 (Based on current asking rents)

Proforma GOI = $364,280 (Based on 10% increase in rents)

Proforma NOI = $243,880

Note: See marketing flyer on renters. They had a 96% occupancy rate. Very good location in Murray close to many amenities.

Call Listing Agents for complete information. Property tour only after acceptable offer during due diligence period.