Historical Multifamily Sale Listing - R&R Apartments

Multifamily For Sale

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R&R Apartments

75 South Main Street, Beaver, UT 84713

N/A

10 Units | Multifamily

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Multifamily Property - Off Market

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

Highlights

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

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.

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

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Created 6/29/2007