Village Park

1080 North State Street Orem, UT 84057 192 Units
Village Park

Investment Highlights

  • Approximately $650k Recently Invested in CapEx
  • Solid Occupancy With Immediate Upside
  • Highly Desirable Unit Mix With Large Floorplans
  • Highly Amenitized Community
  • Outstanding Access and High Visibility to Large Tenant Base
  • High Growth Job Market

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire Village Park Apartments, a 192-unit multifamily offering located in Orem, Utah. Village Park represents a proven value-add opportunity with solid occupancy and immediate upside by renovating the remaining 40% of units as well as through a slight rental increase and partial recovery of loss-to-lease. The property features high-demand two-bedroom and three-bedroom apartments with spacious layouts and a comprehensive community amenities package situated in a high-growth market with a large immediate tenant base, growing population, well-educated workforce, and strong economy.

1080 North State Street
Orem, UT 84057
Village Park Apartments is a 192-unit, garden-style multifamily community located at 1080 North State Street in the heart of Orem, Utah. Built in 1996, the property comprises three-story apartment buildings totaling approximately 213,000 rentable square feet, with a mix of highly desirable two-bedroom (56%) and three-bedroom (44%) layouts ranging in size from a spacious 1,000 to 1,250 square feet.

Listing Advisors

Adam Gatto

Senior Vice President

(385) 283-4413
Adam.Gatto@Mogharebi.com

UT Lic. #5480005-PB00

Otto Ozen

Executive Vice President

(909) 235-7886
Otto@Mogharebi.com

CA Lic. #01030086

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