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
Total Taxes
14209.2
Tax Year
2023
Elementary Schools
Paradise Canyon Elementary
Intermediate Schools
Tonaquint Intermediate
Jr. High Schools
Dixie Middle
Sr. High Schools
Dixie High
List Price/SqFt
227.27

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

Contract Info

Original List Price
4500000
Short Sale Status
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

Remarks & Misc

Public Remarks
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.
Directions
West on Sunset Blvd, head north on Westridge Dr, turn left (northwest) on 1040 N. Located at the end of the cul-de-sac. West on Snow Canyon Pkwy, head south on 1400 W to Westridge Dr, NW on 1040 N.

Construction

Stucco
Yes

Separate Meters

Electric
Yes
Gas
Yes
Water
Yes

Zoning

Multi-Family
Yes

Garage/Carport

Garages
Yes

Terms of Sale

1031 Exchange
Yes
Cash
Yes

Roof

Tile
Yes

Heating

Gas FA
Yes

Air Conditioning

Central Air
Yes

Showing Instructions

Call Listing Agent
Yes

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
Listing Office: EQUITY REAL ESTATE (ST GEORGE)
Last Updated: September - 15 - 2024
Information deemed reliable but not guaranteed.