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1049 W 400 N, Payson, UT 84651
$200,000
1049 W 400 N, Payson, UT 84651View this property at 1049 W 400 N, Payson, UT 84651
1049 W 400 NPaysonUT84651
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Property Description
This is a tenant in common (TIC) Self Storage investment opportunity. Min $200,000 investment required. Total $5,750,000 needs to be raised. Investor can put in any amount over $200,000. Developer is willing to take 1031 exchange money under certain circumstances. No guarantee to meet time constraints required by 1031 exchange. Money is needed by late July/August 2023, more detailed information will be available after a signed NDA. Developer will pay a preferred 4% rate of return on investor money during construction and lease up phase to 80% occupancy. Construction to be completed late 2024. This is a chance to own a piece of a self storage complex that will be Class A with a mix of regular storage, climate controlled storage and outside RV/boat storage. Self Storage is one of the most safe, consistent investments in real estate. No guarantee of specific rate of return after lease up, projections will be available for interested parties. Chance for initial investment to be returned after construction is complete but you can maintain ownership. Take the same money and invest in another project. Ask agent for more details.
Full Property Details
Full Property Details for 1049 W 400 N
General
- Price: $200,000
- Taxes: $1
- Status: Active
- Type: Industrial
- MLS ID: 1885044
- Updated: 6/26/2023
- Added to Site: 316 day(s) ago
Location
- Area: Payson; Elk Rg; Salem; Wdhil
- County: Utah
- Subdivision: Citadel Storage
- Cross Streets: 400
- Direction Faces: North
Structural Information
- Current Bldg. Use: Industrial
- Year Built: 2024
Lot Features
- Lot Size (Acres): 7.8
- Lot Size (Sq. Ft.): 339,768
- Lot Size: 7.8
- Zoning: Com
Financial Considerations
- Tax Amount: $1
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Property ID: 30-022-0098
Listed by Berkshire Hathaway HomeServices Elite Real Estate
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Schools
Schools serving 1049 W 400 N
School District:Nebo District
Rating | Name | Grades | Distance |
---|---|---|---|
92 S 500 W, Payson, UT 84651 | K-5 | 0.7 mi | |
Mt. Nebo Junior High School
851 W 450 S, Payson, UT 84651 | 8-9 | 0.9 mi | |
150 Skyhawk Blvd, Salem, UT 84653 | 10-12 | 4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1049 W 400 N
Date
Details
Price
Change
Source
6/23/2023
Listed
$200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1049 W 400 N
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,162
5%
$424,760
-26%
2021
$3,947
-17%
$575,600
-26%
2022
$4,736
20%
$774,500
48%
2021
$3,947
35%
$523,100
101%
2019
$2,923
-1%
$259,630
11%
2018
$2,943
13%
$234,740
8%
2017
$2,601
3%
$217,740
3%
2016
$2,531
-1%
$210,480
—
2015
$2,559
1%
$211,340
—
2014
$2,541
2%
$211,340
6%
2013
$2,498
—
$198,515
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1049 W 400 N
1049 W 400 N, Payson, UT 84651 (MLS# 1885044) is a Industrial property. 1049 W 400 N is currently listed for $200,000 and was received on June 23, 2023. Want to learn more about 1049 W 400 N? Do you have questions about finding other Industrial real estate for sale in Payson? You can browse all Payson real estate or contact a Coldwell Banker agent to request more information.