$487,921
585 N Westridge
St George, UT 84770
MLS# 19-204654
3456 sqft


585 N Westridge, St George, UT 84770
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Property Description
Two single family units sold as part of a portfolio deal. Units are several houses from each other. Separate tax IDs. Properties are vacant. Both houses have a finished remodel. NOI is nearly $29,000/year. Sold at a 6.3% CAP if self-managed or a 5.9% CAP (including expenses for 3rd party management). Excellent rental history. Properties are 100% rent ready and need nothing.

Details
Maps
General Prop Info
Realtor.com: Multi-Family
Lot Acres: 0.08
Lot Irregular: No
Year Built: 1993
# of Buildings: 2
# of Units: 2
Total SqFt: 3456
# Levels: 2
Elevators: No
Contract Info
Listing Date: 2019-06-18
Short Sale Status: No
Location, Tax & Legal
List Price: $487,921
Current Price: $487,921
List Price/SqFt: 141.18
House Number: 585
Street Direction Pfx: N
Street Name: Westridge
MLS Area: Greater St. George
State/Province: UT
Postal Code: 84770
County: Washington
Subdivision: SUN VERDE ESTATES
Tax ID: SG-SVE-1-1
Total Taxes: 2300
Tax Year: 2019
Elementary: Sunset
Jr. High: Snow Canyon
High School: Snow Canyon
Remarks & Misc
Directions: GPS. Units are 585 N Westridge Drive #17, and #25.
Status Change Info
Status: Active
Annual Oper Expenses
Real Estate Taxes: 2300
Property Insurance: 800
Off Site Management: 2212
Repairs & Maint: 960
Miscellaneous: 1872
Total Oper Expenses: 8144
Net Operating Income: 28720
Garage/Carport
Garage Spaces: 2
Property Features
Construction: Stucco; Wood Frame
Separate Meters: Electric; Gas; Water
Garage/Carport: Garages
Roof: Tile
Heating: Heat Pump; Electric
Air Conditioning: Central Air
Showing Instructions: Call Listing Agent; Key Box
Zoning: Residential
Terms of Sale: 1031 Exchange; Cash; Conventional
Supplements
#16 and #25 are also listed for sale individually. Reference 19-203808 and 19-203953. The remodel on #17 will be finished by 6/30/19. Remodel is being done to a similar standard (and using similar materials) as #16 and #25. #16 - 5/2.5/2, 1,792 sq ft, 500 sq ft deck above garage, fenced yard, full remodel including new appliances, granite counters, white cabinets, plumbing, paint, and more. Remodel is 100% finished. #25 - 4/2/2, 1,664 sq ft, private 2nd story deck with Mountain views, fenced yard, full remodel including new appliances, granite counters, white cabinets, plumbing, paint, and more. Remodel is 100% finished. #17 - 5/2.5/2, 1,792 sq ft, 500 sq ft deck above garage, fenced yard, full remodel including new appliances, granite counters, white cabinets, plumbing, paint, and more. Remodel WILL BE finished 6/30.

Listing Office: EQUITY REAL ESTATE (ST GEORGE)

Last Updated: July - 14 - 2019

Information deemed reliable but not guaranteed.

Saturday 20th of July 2019 11:59 AM

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