For Sale
$3,600,000

314 2020Hurricane, UT 84737

Luxury Utah Vacation Rental; High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional turnkey investment opportunity presents a thriving short-term vacation rental portfolio in Hurricane, Utah, near Zion National Park. The property comprises four units (one 6-bedroom, two 4-bedroom, and one 5-bedroom), totaling 19 bedrooms and 19 bathrooms (15 full, 4 half) accommodating 85+ guests. Built in 2019 and renovated the same year, this Class A property boasts 10,576 square feet on a 0.32-acre lot. The portfolio features a private pool, hot tubs, a swim spa, BBQ grills, and a dining area, all set against a backdrop of stunning Zion National Park views. Currently operating with high occupancy rates and repeat guests, detailed financial records and Airbnb/VRBO listings are available. All furnishings, appliances, and operational equipment are included, along with established housekeeping teams. Legally permitted for short-term rentals, the property also benefits from HOA approval for self-management. The asking price is $3,600,000, representing a 6.29% cap rate and a price per square foot of $340.39. The property is zoned for recreational resort use and offers a strong return on investment with significant growth potential. This is an ideal acquisition for experienced investors or those seeking entry into the lucrative vacation rental market. The property is available for occupancy September 1, 2024.

Highlights

  • $3,600,000 asking price for a four-unit, Class A multifamily property.
  • 10,576 square feet, with a $340.39 price per square foot.
  • 6.29% cap rate and $226,329 net operating income (NOI).
  • Built in 2019, this two-story building sits on a 0.32-acre lot in Hurricane, UT.
  • Currently operating as a successful short-term vacation rental with high occupancy rates and repeat guests; includes all furnishings and equipment.
  • Features 19 bedrooms and 19 bathrooms, accommodating 85+ guests, or rentable as individual 4, 5, and 6-bedroom units.

Property Details for 314 2020

Property type
Residential income homes
Square Feet
10,576 SF
Class
A
Year Built/Renovated
2019/2019
Buildings
1
Stories
2
Lot Size (sq. ft)
13,939 SF
Units
4

Location Insight

City
Hurricane
County
Washington
State
Utah
Latitude
37.183057487125
Longitude
-113.32531965641
314 2020, Hurricane, Utah

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314 2020
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