Sierra Ridge Apartments
111 South 1000 East, Provo, UT United States
OVERVIEW
Cushman & Wakefield as exclusive advisor is pleased to present the opportunity to acquire Sierra Ridge Apartments (the “Property” or “Sierra Ridge”), a 32-unit apartment community in Provo, Utah. Provo is at the epicenter of Utah County, recognized for its robust demographics, proximity to jobs & higher education, healthy affordability ratios, and unparalleled access to outdoor recreation.
Built in 1978 on an expansive 1.54-acre site, Sierra Ridge offers residents a quiet residential experience without compromising access and convenience. Situated less than two miles from Brigham Young University (BYU) and under a mile from Provo’s historic downtown, the Property’s location ensures direct access to the City’s most coveted amenities.
Current ownership has completed an extensive renovation project, including interior and exterior enhancements, elevating the overall Property while presenting future owners with additional value-add opportunities.
The current owner meticulously planned the renovations to ensure the asset’s longevity. As a result, the next investor can expect minimal repair and maintenance costs to uphold the asset’s condition. Renovations are detailed below.
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Details
- Building Size:
- 33,888 SF
- Sale Price:
- $9,590,733 USD
- Price Per Unit:
- $299,733.00 / USD
- Lot Size:
- 1.54 Acres
- Year Built:
- 1978
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