This Multifamily Property is Off-Market.

75 South Main Street
Beaver, UT 84713 ·

10 Units · Multifamily For Sale

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R&R Apartments

Price N/A Cap Rate 8.76%
No. Units 10 Gross Rent Multiplier 11.40
Building Size 4,500 SF Occupancy 100%
Property Type Multifamily No. Stories 1
Property Sub-type Garden/Low-Rise Year Built 1960
Property Use Type Investment Lot Size 0.38 AC
Commission Split 3% APN / Parcel ID 3-6-42
Listing ID: 15220774 Date Created: 06/29/2007 Last Updated: 09/18/2009

Description

This recently remodeled smaller motel property is in an ideal location for rentals. Numerous construction projects in the area show promise for a good rental market. Property includes eight single room units, three with kitchenettes. Also includes one office unit and a three bedroom detached unit. Located across from the post office in the main intersection in town.

Beaver Utah is located on the I-15 corridor halfway between Salt Lake and Las Vegas and 20 miles south of the western terminus of I-70. Rental units in the community are completely occupied and new calls coming in daily from development around the county. A copper mine, a major wind generation project, construction of two geothermal generation stations will provide added stress to the already stretched rental market.

Highlights

  • Central Location
  • Near 9% Cap Rate
  • Recently remodeled
  • On-site coin op laundry
  • Office space rental
  • Growing community short of rental space

Research

75 South Main Street, Beaver, UT 84713 (Beaver County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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