1094 1550 W CIR, St George, UT 84770

$4,500,000

Property Type: MultiFamily Square Footage: 19,800 Lot Size (sq. ft.): 48,352 Status: Closed

Current Price: $4,500,000 List Date: 1/11/2024 Last Modified: 9/15/2024

Overview

Description

Excellent multi-family investment opportunity in one of the fasted growing counties in the country! Three buildings on two adjacent lots; 14 apartments in total. Each unit has 3 bedrooms, 2.5 bathrooms with a 300 sq. ft 1 car garage and enclosed backyard. Complex also offers additional off road parking for each unit. Located in a private cul-de-sac with grassy common areas for tenants. Shopping, schools, trails, and parks all nearby. Buildings one and two back up to a gulch with no backyard neighbors. Clean and well maintained, these apartments rent easily and are ready for a new investor looking to add to their investment portfolio. Square Footage is provided as a courtesy only. Buyer to verify.

Listing Details MLS# 24-247235

Location, Tax & Legal

House Number: 1094
Street Name: 1550 W
Street Suffix: CIR
MLS Area: Greater St. George
State/Province: UT
Postal Code: 84770
County: Washington
Subdivision: TOBLER
Tax ID: SG-TBLR-3-A

Contract Info

Original List Price: 4500000
Short Sale Status: No

General Prop Info

Realtor.com: Multi-Family
Lot Acres: 1.11
Hot Tub YN: Yes
Pool Private YN: No
Lot Irregular: Yes
Year Built: 2007
# of Buildings: 3
Number of Units: 14
Total SqFt: 19800
# Floors: 2
Elevators: No
HOA Transfer Fee: No

Status Change Info

Sold Date: 2024-05-31
Under Contract Date: 2024-05-01
Sold Price/SqFt: 199.49

Annual Grs Rntl Inc

# 3 Bedroom Units: 14
Effective Rental Inc: 250200

Annual Oper Expenses

Real Estate Taxes: 14209
Personal Prop Taxes: 4790
Property Insurance: 4790
Off Site Management: 17514
Sewer/Water: 2160
Landscape Maint: 7200
Total Oper Expenses: 58873

More Information

Property Features

Construction: Stucco Separate Meters: Electric; Gas; Water Roof: Tile Heating: Gas FA Air Conditioning: Central Air Showing Instructions: Call Listing Agent Zoning: Multi-Family Terms of Sale: 1031 Exchange; Cash