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468 W DEE DR, Garden City, UT 84028
$775,000
468 W DEE DR, Garden City, UT 84028
Type
SFR
List Price
$775,000
Price/Sqft
$269
Est Gross Yield
10.1%
$78,228/yr est.
Property Details
Description
**Unique Investment and Employee Housing Opportunity in Garden City!** This property features five manufactured homes on permanent foundations, each divided into two independently accessible studio-style living spaces, offering a total of 10 private accommodations. Built in 2012, each 576-square-foot structure includes two studios, each with its own exterior entrance, private bathroom, sleeping/living area, and galley kitchen equipped with a refrigerator, stove, and sink. Currently utilized for employee housing and rental accommodations, with existing tenants in place, the property's configuration offers an appealing opportunity for businesses seeking seasonal or year-round employee housing or investors interested in rental opportunities. Each studio provides its own private living space, allowing for flexible sleeping arrangements and centralized property management. Located just 0.8 miles from the intersection of US-89 and Bear Lake Boulevard in downtown Garden City, the property offers convenient access to local businesses, restaurants, and Bear Lake recreation. Mature trees surround portions of the property, with a canal running along the rear. With 10 independently accessible living spaces on a single parcel, this property presents a distinctive opportunity for buyers seeking an established housing arrangement in the Bear Lake area.
Listed by Teri Eynon · Real Estate of Bear Lake, LLC
Location
468 W DEE DR, Garden City, UT 84028
Proforma
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Cap Rate
6.71%
Cash-on-Cash
5.43%
Cash Flow
$1,315/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/15/2026, 11:20:05 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.