1080 North State Street Orem, UT 84057 192 Units
|Call for Details
- 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
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
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.
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