7 Four-plexes, 7 Parcels, 1 City Street (Logan, Utah) 620-700 N 80 W, Logan, Utah 84321 Year Built: 1971-1976 Total Sq Ft: 27,088 (County Records) Acres: 1.6 Zoning: Mixed Residential Low (MR-12) GSI: $176,280 Vacancy: 1.5% NOI: $116,173 Cap Rate: 5.8% A unique opportunity to own an entire block of four-plexes in downtown Logan, Utah. Located on a city maintained cul-de-sac, these properties deliver consistent cash flow in a stable market with a single property management company in place. Five of the buildings contain town home style units consisting of 2 beds and 1.5 baths, while two buildings are up-and-down with 2 beds and 1 bath. All units have separate utilities paid by tenants. Logan, Utah ranks among the safest cities in the country with Utah State University as its largest employer. With below average unemployment, a major university to provide cultural grounding, and an ample supply of manufacturing and retail jobs, the market is very consistent and reliable for these types of units. Typical tenants include a mix of students, retail and manufacturing employees, and the occasional professional. Please call Tracy Duncan for more info and showing instructions (435) 881-0771. William Hochstedler, Licensed Broker, Highlander Investments LLC
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