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355 E 700 S 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 5.74% Cap Rate St George, UT 84770
Investment Highlights
- 8 Units 6 Units: 2 bed 1 bath 2 Units: 1 bed 1 bath
- 7,800 SF on .54 Acres
- Located in the Opportunity Zone Zoning: R-3
- Built 1963, but remodeled several times
- 100% Leased Investment
- $187,500 price per unit
Executive Summary
• 8 Units
» 6 Units: 2 bed 1 bath
» 2 Units: 1 bed 1 bath
• 100% Leased Investment
• Located in the Opportunity Zone
• Zoning: R-3
• Built 1963, but remodeled several times
• 7,800 SF
• .54 Acres
• NOI at $86,163
• Price: $1,500,000 / 5.74% CAP Rate
• $187,500 price per unit
» 6 Units: 2 bed 1 bath
» 2 Units: 1 bed 1 bath
• 100% Leased Investment
• Located in the Opportunity Zone
• Zoning: R-3
• Built 1963, but remodeled several times
• 7,800 SF
• .54 Acres
• NOI at $86,163
• Price: $1,500,000 / 5.74% CAP Rate
• $187,500 price per unit
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 7,610 SF |
| Cap Rate | 5.74% | No. Stories | 1 |
| No. Units | 8 | Year Built | 1965 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 7,610 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0013022 | Improvements Assessment | $535,590 |
| Land Assessment | $219,010 | Total Assessment | $754,600 |
Property Taxes
Parcel Number
0013022
Land Assessment
$219,010
Improvements Assessment
$535,590
Total Assessment
$754,600
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