Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
27.99 acres
Seller is willing to carry 50% for 18 months but purchase price would need to be $3,000,000. for those terms. Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has zoning in hand for 360 units that can either be apartments, townhomes condos or a mixture but approval is in hand for 360 units. Also approximately 3.7 acres approved for storage units and an additional 4 acres zoned commercial. Located just north of the Wal Mart in Ephraim on highway 89. Feasibility study, soils, engineering plats in hand and available by request. Feasibility study shows 100% occupancy as each building is finished due to the severe housing shortage. Approved plat is attached. Buyer will need to obtain final plat approval but zoning and density have already been approved. Approximately 60 days needed to obtain final plat approval once engineering is done and submitted to city. Sale includes surveys soils and all engineering done to date.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
-
View
Mountain(s)
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
27.99
-
Lot Size(square feet)
1,219,244
-
Property Type
Land
-
Property Sub Type
Multi Family
Price
-
Sales Price
$2,500,000
-
Tax Amount
$10,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
South Sanpete
-
Middle School
Ephraim
-
High School
Manti
Property Features
-
New Construction
NO
-
Senior Community YN
NO
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Location
County
Sanpete
Elementary School
South Sanpete
Middle School
Ephraim
High School
Manti
Listing Courtesy of David Priest, Equity Real Estate (Solid)
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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