Riverside Apartments

Riverside Apartments

400 E. Riverside Dr.
St. George, UT
County: Washington

Mike Carroll

Salt Lake City, UT
Direct: (801) 303-5556
Fax: (801) 322-2040
MCarroll@comre.com

Diane H Taylor

Salt Lake City, UT
Direct: (801) 303-5564
Fax: (801) 322-2040
dtaylor@comre.com

Additional Info & Materials

Building Information

Building Sq. Ft. 104,822
Land AC 6.54
Number of Units 148
Current Occupancy (%) N/A
Zoning N/A
Area N/A
Status Existing
Year Built 1986
Parcel Number SG-5-2-31-2302
Parking N/A
Floors 2
Buildings 12

Investment Summary

Cap Rate (%) 5.74
Price/Unit $94,594
Price $14,000,000
Sale Conditions N/A
Price/SF $133.00

Property Description

Value-added opportunity, must assume current loan in place, history of high occupancy, new major airport completed in St. George, owned for 10 years, 90 minutes to Las Vegas.

Space Description

*Under Contract* Constructed in 1986, Riverside is a 148-unit multifamily community made up of one and two bedroom apartments offered with an attractive amenities package, making it ideally suited for the area' s resident profile. The property includes twelve, two-story buildings and a leasing office/clubhouse. Buildings are wood frame construction with pitched roofs and composite wood exteriors.
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described herein shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.