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New 8 Plex on .92 Acres in Rental Demand Area 5120 E Grande Vermillion Ave 8 Unit Apartment Building $1,600,000 ($200,000/Unit) Kanab, UT 84741
EXECUTIVE SUMMARY
5120 E Grand Vermillion Ave, Kanab, UT 84741 | Offered at $1,600,000
Investment Overview
This newly constructed, fully leased 8-plex in Kanab, Utah presents a rare opportunity to acquire a stabilized, modern
multifamily asset in a high-demand market. Leases are 6-month terms with $50 rent increases at renewal. Backup
offers are being accepted; due diligence period included.
Property Summary
Property Type: Multifamily – 8 Units
Building Type: New Construction
Lot Size: 0.92 Acres
Status: Fully Rented
Adjacent Opportunity: Identical 8-plex on neighboring lot also available
Unit Mix & Current Rents
2 Units – 3 Bed / 2 Bath – $1,400/mo
3 Units – 2 Bed / 1 Bath – $1,200/mo
3 Units – 1 Bed / 1 Bath – $1,000/mo
All units increase $50/month at end of 6-month lease
Property Features
All-electric systems
Individual HVAC units
LVP flooring throughout
Quartz countertops
Soft-close cabinetry
Appliances included: fridge, range, microwave, washer, dryer, garbage disposal
Private fenced yards
2 dedicated parking spaces per unit
Utilities
Owner pays: Water & Garbage
Tenant pays: Electric & Individual Fiber Internet
Investment Highlights
Turnkey income property
Fully leased with built-in rent growth
Low-maintenance new construction
Adjacent 8-plex available
Due diligence period included
High-demand Kanab market
Contact Information
Shanell Heely
LRG Collective
Phone: 435-819-9095
Email: shanellheely@gmail.co
Investment Overview
This newly constructed, fully leased 8-plex in Kanab, Utah presents a rare opportunity to acquire a stabilized, modern
multifamily asset in a high-demand market. Leases are 6-month terms with $50 rent increases at renewal. Backup
offers are being accepted; due diligence period included.
Property Summary
Property Type: Multifamily – 8 Units
Building Type: New Construction
Lot Size: 0.92 Acres
Status: Fully Rented
Adjacent Opportunity: Identical 8-plex on neighboring lot also available
Unit Mix & Current Rents
2 Units – 3 Bed / 2 Bath – $1,400/mo
3 Units – 2 Bed / 1 Bath – $1,200/mo
3 Units – 1 Bed / 1 Bath – $1,000/mo
All units increase $50/month at end of 6-month lease
Property Features
All-electric systems
Individual HVAC units
LVP flooring throughout
Quartz countertops
Soft-close cabinetry
Appliances included: fridge, range, microwave, washer, dryer, garbage disposal
Private fenced yards
2 dedicated parking spaces per unit
Utilities
Owner pays: Water & Garbage
Tenant pays: Electric & Individual Fiber Internet
Investment Highlights
Turnkey income property
Fully leased with built-in rent growth
Low-maintenance new construction
Adjacent 8-plex available
Due diligence period included
High-demand Kanab market
Contact Information
Shanell Heely
LRG Collective
Phone: 435-819-9095
Email: shanellheely@gmail.co
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Double Pane Windows
- Pantry
- Patio
- Porch
- Quartz Countertops
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,000 | 595 |
| 2+1 | 3 | $1,200 | 840 |
| 3+2 | 2 | $1,400 | 1,280 |
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CONTACT
-
Shanell Heely -
Mustang Realty
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New 8 Plex on .92 Acres in Rental Demand Area | 5120 E Grande Vermillion Ave
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