ST. GEORGE MULTIFAMILY
Multifamily | 5.74% CAP | 8 Units
Marketing description
This well-located 8-unit multifamily investment property offers stable income and long-term upside in the growing St. George market. The property is 100% leased, providing immediate cash flow, and is located within an Opportunity Zone, creating potential tax advantages for qualified investors.
Built in 1963 with several remodels since, the property consists of 7,800 square feet on 0.54 acres and is zoned R-3, allowing for medium-density residential use. The unit mix includes six 2-bedroom / 1-bath units and two 1-bedroom / 1-bath units, offering strong rental demand and diversification within the property.
With a Net Operating Income of $86,163, the property is offered at $1,500,000, representing a 5.74% CAP Rate and a price per unit of $187,500. This asset provides investors with a stabilized income stream while benefiting from the continued population and economic growth occurring throughout the St. George region.
Investment highlights
- 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
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