$1,175,000

Property Details

Unit Mix

Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.

Description

Great opportunity to own a well taken care of fourplex in the heart of St. George. The location is great with access to Utah Tech University within a 3 mile drive, easy access to Walmart, Costco, the Red Cliffs Mall, and I-15...making it a 'breeze' to keep rented for students, a couple, or a small family. Three of the four units are currently rented, **PLEASE DO NOT DISTURB TENANTS!!!!** At some point in a transaction, we will arrange a tour. The building has a nearly new metal roof (only 2 years old). The exterior was just painted and refreshed. The blacktop/parking area was just cracked sealed and seal coated in Oct 2026. This is a home run investment, with each unit having its own washer/dryer (owner owned, transfers with sale), each unit has its own electric meter and gas meter. Tenants pay their own gas, electricity, sewer, and trash. Seller does get billed for and pays for the water bill. Each unit has two covered parking stalls. Each unit has its own separate centralized AC/Furnace system, of which 3 of the 4 have been replaced in the past 5 years! Unit 1 (Lower left, recently remodeled) is currently vacant | Asking $1,500 per month. Unit 2 (Lower right) is currently on a month to month lease | Rented at $1,400 per month. Unit 3 (Upper left) is rented with lease expo late 2027 | Rented at $1,450 per month. Unit 4 (Upper right, recently remodeled) is rented currently on a month to month lease | Rented for $1,500 per month. Each unit contains 2 beds / 1 bath, its own laundry area, a family room, kitchen and semiformal dining. While there is a vacancy, a owner occupant could purchase this and live in one of the units, getting favorable loan terms all while having three other tenants pay a large portion of the mortgage. Landlord's expenses are Insurance (about $1,865 per year), Water (ranges from $35 to about $280), and Pest control ($65 per month). There is a nice grassy area in the back of the building for tenants to use for playing, BBQs, to place a shed, etc. Whether you have 1031 exchange money or you are just looking for an investment, this is a well maintained option, with nice concise units, easy to understand utilities, enough parking to accommodate, and has so much upside potential! Reach out to the listing agent with questions today. We have additional photos of the units, available upon request!