





Description
This is a once-in-a-lifetime deal! It is currently permitted and operating as a short-term rental (vacation rental) with a mid-term booking all the way through August at $12,400 a month. Everything needed to rent this property is included. At $900k this is a 10.7% cap rate turn-key investment. Recently remodeled, there are no improvements that have to be made to make this property a cash flow machine. You won't find a better deal on the MLS. This is a one-story living that would work great for converting it into a group home or senior living facility with very little effort, as well. Every bedroom has a 3/4 bath and one bedroom is a full studio apartment (with a full kitchen) that can be used for management, office, or just a higher value rental. Could also easily convert the studio into a 3 bedroom apartment and rent the property as a permitted duplex. Please don't disturb the guests at the property. No showings until after an accepted offer. Proof of funds necessary on all offers. Please see attached documents for P&L. The selling agent is related to the seller. Square footage is based on county records. Buyer to verify all information. A recent residential appraisal came in at $875,000. A two-year-old commercial appraisal came in at $1.2 Million. See Commercial Listing here 1820525. Current use qualifies it for commercial use Virtual Walk-Through: https://my.matterport.com/show/?m=uspQZGi2J1x
Nearby Schools
LincolnElementary School
HighlandMiddle School
Ben LomondHigh School
Courtesy of: Conrad Cruz Real Estate Services LLC Listing information provided courtesy of the Wasatch Front Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 6th July, 2022 11:49 AM (UTC)