Offered with a 3.66% assumable loan through 2032, The Vine Apartment Building 3 delivers strong income and an effective 5.7% cap rate available only through the existing financing. This 18-unit, 2017-built ClassA asset in rapidly growing Vineyard, Utah features spacious 1-3 bedroom floorplans with in-unit laundry, granite counters, stainless steel appliances, and private patios. Residents enjoy resort-style amenitiesincluding a clubhouse, pool, 18-person hot tub, fitness center, courts, playground, BBQ area, pet parks, and EV charging. The property is currently 94% occupied.
Vineyard is located in Utah. Vineyard, Utah has a population of 11,579. Vineyard is more family-centric than the surrounding county with 55.36% of the households containing married families with children. The county average for households married with children is 50.01%.
The median household income in Vineyard, Utah is $86,355. The median household income for the surrounding county is $82,893 compared to the national median of $69,021. The median age of people living in Vineyard is 24.1 years.
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 17 inches per year, with 42.3 inches of snow per year.
