$3,250,000
Hildale, UT 84784
MLS# 25-265465
49017 sqft
1 / 159
Property Description
Now offering an incredible investment opportunity in the heart of Hildale, UT—this fully renovated 49,000 sq/ft multifamily apartment complex is currently operating as a 40-unit apartment building with long-term tenants, providing immediate cash flow and stability. Situated on 1.72 acres and zoned commercial, this property presents a wealth of possibilities for future use, including assisted living, rehabilitation center, boutique hotel, VRBO-style vacation rentals, or continued multifamily housing.
Details
Maps
Contract Info
Original List Price: 3250000
Short Sale Status: No
Listing Date: 2025-09-26
General Prop Info
Realtor.com: Multi-Family
Lot Acres: 1.72
Lot Frontage: 282
Lot Depth: 267
Lot Irregular: No
# of Buildings: 2
Studio Aprx SqFt: 0
# Floors: 3
Elevators: No
HOA Transfer Fee: No
Year Built: 1992
Number of Units: 40
Total SqFt: 49017
Location, Tax & Legal
Total Taxes: 8218.42
Tax Year: 2025
Elementary Schools: Water Canyon School
Intermediate Schools: Water Canyon School
Jr. High Schools: Water Canyon School
Sr. High Schools: Water Canyon School
List Price/SqFt: 66.3
Geo Lat: 37.003091
Geo Lon: -112.99546
List Price: $3,250,000
Current Price: $3,250,000
House Number: 985
Street Direction Pfx: W
Street Name: Utah Avenue
MLS Area: Outside Area
State/Province: UT
Postal Code: 84784
County: Washington
Subdivision: SHORT CREEK
Tax ID: HD-SHCR-2-1
Remarks & Misc
Directions: Take highway 59 towards Hildale. Turn left onto Utah Ave. Building is on the right.
Annual Grs Rntl Inc
# Studio Units: 29
Studio Rent: 500
Studio Total Rent: 14500
1 Bedroom Rent: 600
# 2 Bedroom Units: 5
2 Bedroom Rent: 800
# 3 Bedroom Units: 2
3 Bedroom Rent: 1100
Potential Rental Inc: 29000
Annual Oper Expenses
Real Estate Taxes: 8218.42
Construction
Brick: 1
Stucco: 1
Zoning
Commercial: 1
Multi-Family: 1
Garage/Carport
Garages: 1
Garage Spaces: 1
Terms of Sale
1031 Exchange: 1
Cash: 1
Conventional: 1
Roof
Asphalt: 1
Heating
Gas FA: 1
Air Conditioning
Central Air: 1
Showing Instructions
Call Listing Agent: 1
Listing Agent Key: 1
Possession
Close Of Escrow: 1
Status Change Info
Status: Active
Property Features
Construction: Brick; Stucco
Roof: Asphalt
Heating: Gas FA
Air Conditioning: Central Air
Showing Instructions: Call Listing Agent; Listing Agent Key
Zoning: Commercial; Multi-Family
Terms of Sale: 1031 Exchange; Cash; Conventional
Possession: Close Of Escrow
Supplements
Every aspect of this property has been thoughtfully updated: new roof, upgraded HVAC systems, fresh carpet and paint, and beautifully manicured landscaping. Tenants and future guests will enjoy access to a large commercial kitchen, a spacious recreation room, and expansive common areas, ideal for both residential and commercial applications.
The property boasts a prime location, just minutes from local shopping, schools, and the breathtaking trails and red rock views of Water Canyon, a popular destination for outdoor enthusiasts.
Whether you're an investor seeking reliable income, a developer with a vision, or an operator looking to expand into new services, this unique property offers unparalleled flexibility and upside potential.
Don't miss your chance to own one of the most versatile properties in Southern Utah.
Listing Office: RED ROCK REAL ESTATE
Last Updated: December - 04 - 2025
Information deemed reliable but not guaranteed.