The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	192
Year Built	1996

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.