Full details for Multi Family For Sale in Hurricane, Utah

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Description

6.6 Acres, 3 parcels. Red Cliff's is shovel ready. Seller would consider a joint venture partnership. . This project comes with fully entitled and city approved construction drawings, house plans, zoning, 31 papered lots, amenities, etc. Recent appraisal shows land value at $2,160,000. Construction costs are $2,977,347. Appraisal for land and improvements is $7,300,000. Instant equity for Buyer is $2,162,652 after land purchase & construction costs according to appraisal. Red Cliffs Resort is next door to Southern Utah's #1 Vacation Property - Zion Village Resort. The project overlooks the Red Cliff National Park and Zions National Park. Across the street is Sky Mountain GC and meets all Planning Staff requirements for Nightly Rental Zoning. Fractional ownership is also an option. Townhomes in Zion Village have sold for as high as $1.3M for 6 bdrm, 3,043 sf living space with annual rental income exceeding $200,000. Seller developed and built ZionVillageResort.com and is now retiring. He is available to answer any questions or give you additional documentation. #H-3-1-33-44001, H-3-1-33-441 and partial H-3-1-33-4420. includes all entitlements, plans, engineering, etc. Project is shovel ready. Back to listing