985 W Utah Avenue, Hildale, UT 84784

$3,250,000
Property Type: MultiFamily Square Footage: 49,017 Lot Size (sq. ft.): 74,923 Status: Active
Current Price: $3,250,000 List Date: 9/26/2025 Last Modified: 10/31/2025

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.

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.

More Information MLS# 25-265465

Contract Info

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 # 2 Bedroom Units: 5 2 Bedroom Rent: 800 2 Bedroom Total Rent: 4000 # 3 Bedroom Units: 2 3 Bedroom Rent: 1100 3 Bedroom Total Rent: 2200 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
Listing Office: RED ROCK REAL ESTATE
Last Updated: October - 31 - 2025
Information deemed reliable but not guaranteed.
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