$5,595,000
$305K PRICE DROP

1125 W 250 S Unit 3 American Fork, UT 84003

Estimated payment $34,336/month

Total Views 12,146
33 Beds
30 Baths
17,966 Sq Ft
$311 Price per Sq Ft

Highlights

  • Spa
  • 0.59 Acre Lot
  • Granite Countertops
  • Lake View
  • Clubhouse
  • Covered patio or porch

About This Home

IMPROVED PRICE! CURRENTLY ONE BUILDING IS STILL IN THE LEASE-UP PHASE. Rare Investment Opportunity! 4.6% CAP rate. Stabilized new 18 unit Apartment Building. On site management & model unit. Built 2024. 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. 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. 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.

Last Listed By

Sam Levin

Sky Realty License #6647576 Listed on: 09/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,746

Year Built

  • Built in 2024

Lot Details

  • 0.59 Acre Lot
  • Landscaped

HOA Fees

  • $3,582 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 17,966 Sq Ft Home
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Carpet

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 33 Bedrooms
  • Walk-In Closet
  • 30 Bathrooms

Parking

  • 36 Parking Spaces
  • 36 Open Parking Spaces

Accessible Home Design

  • ADA Inside
  • Level Entry For Accessibility

Outdoor Features

  • Spa
  • Balcony
  • Covered patio or porch

Schools

  • Trailside Elementary School
  • Orem Middle School
  • Mountain View High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 56-040-0003

Community Details

Overview

  • Association fees include cable TV, insurance, ground maintenance, sewer, trash, water
  • 18 Units
  • Passaro Leasing Association, Phone Number (801) 704-3440
  • The Yard Subdivision

Recreation

  • Community Pool
  • Snow Removal

Pet Policy

  • Pets Allowed

Additional Features

  • Clubhouse
  • Controlled Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,746

Year Built

Built in 2024

Lot Details

0

HOA Fees

$3,582 per month

Listing Details

  • Property Sub Type: > 4 Units
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.59
  • Lot Size: 0.0x0.0x0.0
  • Inclusions: Ceiling Fan, Microwave, Range, Refrigerator, Window Coverings
  • Subdivision Name: THE YARD
  • Architectural Style: Stories: 3
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 2024
  • Accessory Dwelling Unit: No
  • Special Features: 4098
  • Stories: 0

Interior Features

  • Private Spa: Yes
  • Other Equipment: Window Coverings
  • Accessibility Features: Fully Accessible, Ground Level, Single Level Living, Customized Wheelchair Accessible
  • Total Bedrooms: 33
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Bath: Primary, Closet: Walk-In, Disposal, Range/Oven: Free Stdng., Granite Countertops, Dishwasher: Built-In
  • Living Area: 17966.0
  • Window Features: Blinds

Exterior Features

  • Lot Features: View: Lake, View: Mountain
  • Pool Private: No
  • Topography: View: Lake, View: Mountain
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Stucco
  • Exterior Features: Balcony, Double Pane Windows, Lighting, Patio: Covered, Sliding Glass Doors
  • Patio And Porch Features: Covered
  • Property Condition: Blt./Standing
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 36.0
  • Open Parking: Yes
  • Parking Features: Parking: Uncovered
  • Total Parking Spaces: 36.0

Utilities

  • Cooling Y N: No
  • Heating: Electric, Forced Air, Gas: Central
  • Heating Yn: Yes
  • Sewer: Sewer: Connected, Sewer: Public
  • Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
  • Water Source: Culinary

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Senior Community: No
  • Amenities: Cable TV, Clubhouse, Controlled Access, Fitness Center, Insurance, Maintenance, Management, Pet Rules, Pets Permitted, Pool, Sewer Paid, Snow Removal, Spa/Hot Tub, Storage, Trash, Water
  • Association Fee: 3582.0
  • Association Fee Frequency: Monthly
  • Association Name: Passaro Leasing
  • Phone: 801-704-3440
  • Association: Yes

Fee Information

  • Association Fee Includes: Cable TV, Insurance, Maintenance Grounds, Sewer, Trash, Water

Schools

  • Elementary School: Trailside Elementary
  • Junior High Dist: Alpine
  • High School: Mountain View
  • Middle Or Junior School: Orem

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 25700.4
  • Parcel #: 56-040-0003
  • Zoning Description: R3
  • Zoning: Multi-Family

Multi Family

  • Number Of Units Total: 18

Tax Info

  • Tax Annual Amount: 12746.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Price Changed $5,595,000 -5.2% $311 / Sq Ft
09/13/2024 09/13/24 For Sale $5,900,000 -- $328 / Sq Ft
Source: UtahRealEstate.com

Source: UtahRealEstate.com

MLS Number: 2023329

UtahRealEstate.com

Utah Utah County American Fork 84003

1125 W 250 S Unit 3, American Fork, UT

This home is located at 1125 W 250 S Unit 3, American Fork, UT 84003 and is currently priced at $5,595,000, approximately $311 per square foot. This property was built in 2024. 1125 W 250 S Unit 3 is a home located in Utah County with nearby schools including Greenwood Elementary School, American Fork Junior High School, and American Fork High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

UtahRealEstate.com IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Licensor is only providing the MLS Content and not other sources of data provided in the Product.

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc.. 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.

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Sam Levin
Listing Agent
Sam Levin
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Sky Realty
(385) 458-4394