75 South Main Street
Beaver, UT 84713 ·
10 Units · Multifamily For Sale
|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|
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.
- Central Location
- Near 9% Cap Rate
- Recently remodeled
- On-site coin op laundry
- Office space rental
- Growing community short of rental space
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