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166 E 300 N
Hurricane, UT 84737
$1,489,000
Conventional
Property
Bedroom
9
Bathroom
7
Property Type
Conventional
Square ft
3372
Property Description
Vacation Resort Opportunity - Unique & Rare opportunity - 3 nightly rentals in one commercial zoned property, fully furnished and turnkey with pool/hot tub. This is a themed vacation property based on Area 51 conspiracy spoofs from the 1950's. Located off State St. in Hurricane, this home is right where vacationers want to be, near Zion National Park, Sand Hollow, Quail Lake Recreation areas as well as close enough to St George to enjoy sports and entertainment venues. Building 1 is a studio suite, queen bed with private bath and kitchenette. Building 2 is a 3 bedroom 1 bath full kitchen unit. Building 3 is a steel building with 5 full suites with 5 full bathrooms. One room is a full size flying saucer complete with flight bridge. Spend a night in a cryogenic tube or discover a secret entrance to the ventilation system and crawl your way to an indoor slide for hours of fun inside and out. This new salt water pool with 12x12 "shamoo shelf", volleyball net and 8 person hot tub is a perfect amenity for a vacation rental. There is a half bath outside plus and outdoor shower. Building 1 (Atomic Love Shack) is a studio unit, queen bed, private bath, Sleeps 1-2 persons. Possible 3rd on sofa. TV, Kitchenette and private patio overlooking the pool. Building 2 (Roswell Cabin) is a 3 bedroom, 1 bath log home with full kitchen. Bedroom 1, queen (Chevy Bed) sleeps 1-2. Bedroom 2 is a bunk room with trundle. Sleeps 1-3. Has a front deck with picnic table and grill as well as a side deck and access to the pool. Building 3 (Hangar 18) is a 5 bedroom 5 bathroom unit. Bedrooms 1-3 are master suites with private bathrooms. Each sleeps 1-2 persons. Bedroom 4 is the flying saucer. It has 4 Twin XL private sleeping platforms with charging stations and a private bath. This room also has the game room with xBox flight simulator and game system. Bedroom 5 is the Lab, with 4 Twin XL private sleeping quarters and a private bathroom. The pool area has an equipment room, with laundry storage and outside shower and bathroom (common area) There is ample parking for 13 cars/trailers on the property. You can rent the buildings out by themselves or as a single resort. The total sleep capacity, in beds, is 23 with 9 rooms, 7.5 baths. IDEA: This property is able to expand with a RV style tiny home as an additional rental able space but may require onsite management. One could live in the log cabin and still have 3 rentals for cash flow on this property. There are good options and flexibility with this one. Must see to value and appreciate this opportunitiy. Showing: Call agent to coordinate for door/gate codes. There will not be an MLS lock box at the property. This is an active vacation property. Guests may be present. Not all units may be showable at the same time. Best times to see are mid week but we will make all efforts to show. Agent is also owner/operator of the vacation home management company. Agents also have ownership in the property. Management company will continue to market and acquire reservations for the benefit of future owner. Disclosure. Agents are partners in this project. NOTE: As an option, sellers are open to brining on a 1/5 partner with $300,000 cash. Partner will need to also join on the SBA notes with Cache Valley Bank. More cash, more % of ownership that is negotiable.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1985
MLS Number
24-248214
Location
Address
166 E 300 N
City
Hurricane
State
UT
Zip Code
84737
County
WASHINGTON
Listing
Provider
ESCAPE PROPERTIES PLLC, original listing
Name
ESCAPE PROPERTIES PLLC
Phone
Office Name
ESCAPE PROPERTIES PLLC
Office Phone
(435) 256-0088
Agent Name
KENDALL CLEMENTS

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.