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65 N State St

Hurricane, UT 84737
  • $170,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 24-255816
UPDATED: 79 min ago
$170,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,327
    SQFT
  • $39
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Description

We are a small holding company of real property in the nightly rental business with properties in Hurricane UT, zoned highway commercial. This is not a timeshare or fractional ownership deal. This is an ownership opportunity in an established business that is expanding and building cash flow for our owners. Due to the nature of the property being an operational nightly rental business, we will do showings in person. Call listing agent(s) to arrange showings and/or inquire more. We are selling up to 48% of our LLC holding company that owns 2 parcels and a 50% ownership in a third. Property 1 has 4 built and operating nightly rentals. Property 2 is adjacent raw land ready for development with all utilities ready and plans approved by the city zoned Highway Commercial. Parcel 3 (the one we control 50% of) has 3 built and operating nightly rentals. We are raising capital to (1) develop parcel 2 to have 6 additional nightly rentals, with a resort pool and pavilion, as well as an 'Open to the Public' pet wash facility to produce revenue. The plan, when completed, the LLC will hold interest in about 3 million in real estate and minimal (under 5%) debt (excluding partnership obligations on parcel 3) There is already a management team and system in place operating the nightly rentals and that will not change. We are only selling interest in the LLC that holds the real property. This opportunity allows a person to buy ownership in the nightly rental industry for as little as $170k (5%) or more in 1% increments. You can have ownership in not one but 13 vacation rentals just outside Zion National Park and near St George UT. We anticipate about a 3% ROI net as all taxes, utilities and operating expenses will be covered by normal operations. We anticipate the development phase for the final parcel will be between 4-6 months. Distributions to start in the second quarter after the city issues certificate of occupancy. See the properties: Passport Resort: https://www.theepicstay.com/passport-village-rentals/?sort_by=random Area 51: https://www.theepicstay.com/area-51-rentals/?sort_by=random

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© 2024 Washington County Board of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Collective. Data last updated: 2024-11-11T23:46:58.937.
www.utcollective.com/homes/157335803
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65 N State St Hurricane, UT 84737

  • Price: $170,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 79 min ago
  • MLS #: 24-255816
0
Beds
0
Baths
0
½ Baths
0.3
Acres
4,327
SQFT
$39
$/SQFT
1923
Built
Neighborhood:
Hurricane Valley
County:
Washington
Area:
Hurricane Valley
Property Description
We are a small holding company of real property in the nightly rental business with properties in Hurricane UT, zoned highway commercial. This is not a timeshare or fractional ownership deal. This is an ownership opportunity in an established business that is expanding and building cash flow for our owners. Due to the nature of the property being an operational nightly rental business, we will do showings in person. Call listing agent(s) to arrange showings and/or inquire more. We are selling up to 48% of our LLC holding company that owns 2 parcels and a 50% ownership in a third. Property 1 has 4 built and operating nightly rentals. Property 2 is adjacent raw land ready for development with all utilities ready and plans approved by the city zoned Highway Commercial. Parcel 3 (the one we control 50% of) has 3 built and operating nightly rentals. We are raising capital to (1) develop parcel 2 to have 6 additional nightly rentals, with a resort pool and pavilion, as well as an 'Open to the Public' pet wash facility to produce revenue. The plan, when completed, the LLC will hold interest in about 3 million in real estate and minimal (under 5%) debt (excluding partnership obligations on parcel 3) There is already a management team and system in place operating the nightly rentals and that will not change. We are only selling interest in the LLC that holds the real property. This opportunity allows a person to buy ownership in the nightly rental industry for as little as $170k (5%) or more in 1% increments. You can have ownership in not one but 13 vacation rentals just outside Zion National Park and near St George UT. We anticipate about a 3% ROI net as all taxes, utilities and operating expenses will be covered by normal operations. We anticipate the development phase for the final parcel will be between 4-6 months. Distributions to start in the second quarter after the city issues certificate of occupancy. See the properties: Passport Resort: https://www.theepicstay.com/passport-village-rentals/?sort_by=random Area 51: https://www.theepicstay.com/area-51-rentals/?sort_by=random
Interior Features

Available Sq Ft 4327

Property Features

Listing Terms [] Offering Type Sale Property Condition [] Property Sub Type Business + Real Estate Short Sale Status No Tax Annual Amount 3876.6 Tenant Occupied Yes Zoning Description Commercial

Listing provided courtesy of ESCAPE PROPERTIES PLLC: 435-256-0088.


© 2024 Washington County Board of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Collective. Data last updated: 2024-11-11T23:46:58.937.
 
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The Real Estate Collective
P.O. Box 3135
St George UT, 84771