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  • 🏠 Newbie: The New Home Marketplace
Last checked: 2 hours, 39 minutes ago

$5,900,000

MLS Number: #2023329

33 Bed
30 Bath
Total sqft 0
About this home

Rare Investment Opportunity! Stabilized new 18 unit Apartment Building. On site management. Built 2024. Hard to find, 3-story modern 18-plex apartment building is a fantastic investment. Owner pre... Read Morefers to close after 01/01/2025, however Owner would consider December closing with a strong offer. 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. Please see the OM for more info. 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. Viewing information: Please call for an appointment. Agent must coordinate with on site management for tour of the actual building. 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. Read Less

Home Facts

Time on Newbie 72 days
Property Type > 4 Units
HOA Dues $3184/month
Year Built 2024
Style 4 Units
Community The Yard
Lot Size 0.59 Acres
Price/Sq. Ft. $229.57

Location

Newbie Incentive Package

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Property details for 1125 W 250 S #3

Parking

Parking/garage information

  • No Garage
Interior

Heating & cooling

  • Has heating
  • Heating: Electric,Forced Air,Gas: Central

Interior features

  • Interior features: Bath: Master,Closet: Walk-In,Disposal,Range/Oven: Free Stdng.,Granite Countertops,Dishwasher: Built-In

Basement & other information

Exterior

Building information

  • Architectural style: Stories: 3
  • Construction status: Blt./Standing

Exterior features

  • Exterior features: Balcony,Double Pane Windows,Lighting,Patio: Covered,Sliding Glass Doors
  • Roof: Membrane

Property information

Lot information

  • Lot features: View: Lake,View: Mountain
  • Lot size acres: 0.59
  • Lot size area: 0.59
  • Lot size units: Acres
  • Lot size dimensions: 0.0x0.0x0.0
  • Zoning Description: R3

Land information

  • Topography: View: Lake, View: Mountain
Utilitites

Utilities information

  • Utilities: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
  • Sewer: Connected,Sewer: Public
  • Water source: Culinary
Community Information

HOA information

  • Has Homeowners Association
  • Association Fee: $3184
  • Association Fee Frequency: Monthly

Listing information

  • Listed by Sam Levin: 801-704-3445
  • MLS Number: #2023329

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

Nearby Schools

School Name

Trailside Elementary

School Name

Orem

School Name

Mountain View

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Principal and Interest

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Property Taxes

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Homeowner’s Insurance

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PMI

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Market Knowledge

A Newbie buyer's agent understands the local real estate market and can provide insights into new construction developments, builders, and neighborhoods.

Negotiation Skills

They negotiate on behalf of the buyer to secure the best price, incentives, and terms with the builder. This includes negotiating upgrades, closing costs, and warranty terms.

Builder Reputation Check

They research the reputation of builders and developers to ensure the buyer is working with a reputable and reliable company.Contract Review: They review the purchase agreement and other documents to ensure the buyer's interests are protected and all terms are clear and fair.

Inspection Guidance

They can advise on the importance of independent inspections during the construction process and at key milestones to ensure quality and compliance with building codes.

Assistance with Customization

They assist the buyer in selecting options, upgrades, and finishes that align with their preferences and budget.

Problem Resolution

In case of issues or delays during the construction process, the buyer's agent advocates on behalf of the buyer and works with the builder to find solutions.

Closing Support

They guide the buyer through the closing process, ensuring all necessary paperwork is completed accurately and on time.

WHY NEWBIE

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Frequently Asked Questions

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What sets Newbie apart from traditional real estate agencies?

Newbie distinguishes itself from other real estate agencies in two significant ways. Firstly, while most agencies only provide data on a small portion of the new homes and communities on the market, often restricted to builders who pay for listings, we offer comprehensive intel on 100% of new homes and communities, including those not yet on the market. This gives our clients a significant advantage in their search for their ideal home. Additionally, we have established partnerships with various businesses to offer a Newbie Cash Back program, enabling our clients to afford their dream homes more easily. At Newbie, we go above and beyond to provide unparalleled access and financial support to our valued clients.

Are there fees or commissions when using Newbie to buy a home?

With Newbie, purchasing a house comes commission-free! That's right, you heard it correctly. In a standard real estate transaction, the seller is responsible for covering the commissions of the buyer's agent and their own selling agent. At Newbie, we take it a step further with Newbie Cash Back, which covers many of the usual fees and expenses associated with home purchases. Now you can focus on the payment of the home itself. We even go the extra mile by providing assistance with procuring new furniture for your new home, ensuring a memorable experience throughout your home-buying journey.

How does Newbie Cash Back work?

We have established valuable partnerships with home builders, vendors, and a mortgage lender to maximize the cash back you receive when purchasing your new home through Newbie. Our Newbie Cashback program operates in three integral parts. Firstly, we collaborate with builders who offer enticing promotions to help you secure the home of your dreams. Additionally, by utilizing our preferred lender, you gain financial benefits that can be applied towards closing costs or buydowns. Lastly, we leverage our commissions to ensure you have everything you need, whether it's cash for a buydown, assistance with lawn care, blinds, furniture, or any other necessities. At Newbie, we strive to make the affordability of your new home a seamless and rewarding experience.

Can I buy and sell with Newbie?

At Newbie, our expertise extends beyond assisting clients in purchasing new homes. Our highly trained agents are also well-versed in listing homes. With a deep understanding of buyer preferences and market dynamics, we possess the knowledge and skills necessary to effectively market your home and expedite the process of finding your dream home. By leveraging our insights and experience, we streamline the selling process, ensuring optimal results and a swift transition into your ideal living space.

How can I get in touch with someone if I have questions or issues?

At Newbie, we understand the importance of seamless communication and prompt assistance for our users. When you have questions or inquiries, there are multiple ways to reach out to us. If you have specific queries regarding a particular property or subdivision, you can simply click on the "Request Information" button to send us a message or schedule a personalized tour for an in-person experience of your desired location. For more general assistance, you can visit our "Contact Us" page or reach us via call or text at 385-475-3343. Once you are matched with one of our dedicated agents, a simple call or text will directly connect you with your assigned agent, who will be delighted to address all your real estate needs promptly and efficiently. At Newbie, we prioritize seamless communication to ensure a smooth and satisfying experience for all our clients.

What area does Newbie serve?

At Newbie, we are currently focused on assisting individuals in finding their perfect homes within the state of Utah as we embark on our journey. However, we have ambitious plans to expand nationwide in the near future. We value your input and welcome recommendations on which state we should prioritize next. If you have any suggestions or would like to share your thoughts, please don't hesitate to reach out to us. Your feedback is greatly appreciated as we work towards broadening our reach and providing exceptional real estate services beyond Utah.

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