Tri/Multi-Level
1200 W LORI LN C15
Heber City, UT 84032
MLS#: 2162534
$1,900,000
Property
Beds
1
Full Baths
1
1/2 Baths
2
Year Built
2017
Sq.Footage
3,634
1200 Lori Lane #C15 is a rare opportunity to own a true income-producing investment property in the heart of the Wasatch Back. This 4,400 SF luxury flex space features three fully lockable levels, allowing for three separate tenants with no crossover between spaces--an increasingly sought-after configuration for today's investors. The property is currently 100% leased with three established long-term tenants in place, generating a 5%+ cap rate in one of Utah's fastest-growing markets. With seasoned leases, no vacancy, and immediate cash flow from day one, this is a stabilized asset designed for predictable returns. The main level features a 14-foot oversized garage door opening to approximately 2,000 SF of flex warehouse space, ideal for equipment storage, showroom use, or business operations. It also includes four private offices, a large conference room, break room/kitchen area, and secure separation between warehouse and office space. The second level offers more than 1,000 SF of residential living space, including a large bedroom, full en-suite bath, and spacious family room. The third level functions as a fully independent one-bedroom apartment with a designer kitchen, large bathroom, and comfortable living area. Both residential units benefit from strong rental demand due to their proximity to Deer Valley East Village and the Jordanelle corridor. Originally finished by one of Park City's most respected builders, the property showcases exceptional craftsmanship and quality throughout, supporting long-term tenant retention and asset value. Conveniently located just 5.5 minutes from Deer Valley East Village and 2 minutes from Jordanelle Reservoir, this property combines reliable cash flow with strong appreciation potential. With all three tenants in place, long-term leases, and a 5%+ cap rate that is increasingly difficult to find in the Park City area, this is a true turnkey investment opportunity.
Features & Amenities
Interior
-
Other Interior Features
In-Law Floorplan, Vaulted Ceiling(s)
-
Total Bedrooms
1
-
Bathrooms
1
-
1/2 Bathrooms
2
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Frame, Aluminum Siding
-
Parking
RV Access/Parking, Attached, Garage
-
Pool
No
-
Waterfront YN
NO
-
View
Mountain(s)
Area & Lot
-
Lot Size(acres)
0.06
-
Lot Size(square feet)
2613.6
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
Tri/Multi-Level
Price
-
Sales Price
$1,900,000
-
Tax Amount
$13,247
-
Zoning
RES
-
Sq. Footage
3, 634
-
Price/SqFt
$522
HOA
-
Association
Yes
-
Association Fee
$6,000
-
Association Fee Frequency
Annually
-
Association Fee Includes
N/A
School District
-
Elementary School
South Summit
-
Middle School
South Summit
-
High School
South Summit
Property Features
-
New Construction
NO
-
Accessibility Features
Customized Wheelchair Accessible
-
Association Amenities
Maintenance, Management, Snow Removal, Water
-
Foundation Details
Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Wasatch
Elementary School
South Summit
Middle School
South Summit
High School
South Summit
Listing Courtesy of Jonathan Crosswhite , Christies International Real Estate VUE
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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