370 ARIA BLVD Wendover, UT 84083

The Bonneville Garden Apartment complex is the perfect VALUE ADD opportunity. MULTIPLE OPPORTUNITIES EXIST: 1. Rehab the units and build instant equity! 2. Build an additional 16 units (which the lot size accommodates!). 3. Turn some (or all) of the units into nightly rentals (buyer to verify this use)! Located just off I-80, this property is excellently located to support the growing casino businesses (word is another casino is planned to be built) and the now booming mining industry. This 48 unit apartment complex features a mix of 1-bedroom and 2-bedroom apartments. 47 are rentable, with 1 being used as a rental office currently. Each building has common laundry areas but need new machines. The owner has been too busy with other projects to maximize the opportunity for this property. Occupancy is currently about 65%, but the property manager receives calls almost daily ... the vacant units just need updating prior to leasing them out. All units have in-wall air conditioners and tenants pay electric bill. The owner provides additional utilities, Wifi and cable. No gas utility. Each unit has a refrigerator, range, dishwasher, full bath, parking, access to the complex playground, and is a 2-minute drive to the casinos. Most leases are month-to-month, allowing a new buyer to come in and quickly remodel and re-tenant at higher lease rates to build INSTANT equity. Currently, the rented units are occupied by local residents and out-of-town tenants working in the mining industry. Buyer/agent to verify all data, including but not limited to nightly rental use, square footage, year built, etc. Square footage figures are provided as a courtesy estimate only and were obtained from the Seller. Buyer is advised to obtain an independent measurement. Please do not disturb tenants. Call agents for showing details/appointments.