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Archived over 1 year ago

$3,250,000

rooms 4+ ba

160 West 500 North, Heber, UT 84032

Commercial Commercial

Current Rent **

N/A

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Multi-Housing Development

The Rocky Mountain Multi-Family Project is an approved project for condos (townhome approval forthcoming) with dual entitlements allowing For Sale or For Rent product. The current plan incorporates 32 Units including 3 or 4 Affordable Housing Units. However, a plan with up to 35 Units has been pre-approved by Heber City. The dual entitlements allow for either For Rent or For Sale product to be built. The property is centrally located with walkable access to amenities, and excellent access to major thoroughfares. Heber City is experiencing rapid growth with a lack of housing supply.

Location:

160 West 500 North, Heber, UT 84032

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.