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Hyde Park,UT 84318
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2086092
HOA Y/N No
Annual Tax Amount $1
Lot Size 1.740 Acres
Acres 1.74
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Residential
Property Description
**Seller financing available with 0% interest!** Fully entitled land for 60 unit mixed use development with bids supporting a 7.5% cap rate on stabilized value. Seller is willing to subordinate/carry 50% of purchase price behind primary construction financing. Project has been vetted and approved by local credit union. All you need is $750k down to get this entire project off the ground. **Included in the Sale:** Civil Plans Architectural Designs Geotechnical Report City & UDOT approval Topographical Survey Easements & Utility Plans Reach out for link to full development packet. Soft costs & bids for horizontal will also be included in development packet. OM & drawings attached in listing. Only apartments/mixed use for sale in site plan. Projected construction spread north of $2.5M on stabilized value. (proforma included in development packet). Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.
Location
State UT
County Cache
Area Smithfield; Amalga; Hyde Park
Zoning Multi-Family, Commercial
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Connected,Gas: Stubbed,Power: Stubbed,Sewer: Stubbed
View Y/N Yes
View Valley
Present Use Residential,Commercial,Multi-Family
Private Pool No
Building
Lot Description View: Mountain,View: Valley
Faces West
New Construction No
Schools
Elementary Schools Cedar Ridge
Middle Schools North Cache
High Schools Green Canyon
School District Cache
Others
Senior Community No
Acceptable Financing Cash,Conventional,Owner 2nd,Seller Finance,Seller Will Subordinate
Listing Terms Cash,Conventional,Owner 2nd,Seller Finance,Seller Will Subordinate