$660,000
$679,900
2.9%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
6 Baths
6,114 SqFt
SOLD DATE : 05/24/2021
Key Details
Sold Price $660,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,114 sqft
Price per Sqft $107
MLS Listing ID 1704616
Sold Date 05/24/21
Style Stories: 2
Bedrooms 6
Construction Status Blt./Standing
HOA Y/N No
Year Built 2000
Annual Tax Amount $3,889
Lot Size 0.810 Acres
Acres 0.81
Lot Dimensions 0.0x0.0x0.0
Property Description
Unique opportunity on Main Street in Torrey. Large home converted to 4-apartment lodge: can work as single-family home or as multi-unit nightly rental. The ideal buyer will probably be similar to current owners who run the property as an AirBnB/VRBO - hands-on people who live in the property or nearby. Property management companies and year-round employees are not always readily available in Torrey, but the potential is great for a hands-on owner to improve the property and take advantage of the on-going growth of this unique property and attractive resort town. Currently listed on Airbnb w/high ratings (avg 4.7/5.0), high usage and ROI (approx $150/night each unit). Add'l space could be game room or manager space. 2 attached oversized single car garages plus detached 1,257 sq ft garage/workshop. Ideally located adjacent to restaurants, shops and activities. To see the property's website, go to https://www.velvetridgelodging.com/
Location
State UT
County Wayne
Area Fremont; Loa; Bicknell; Torrey
Zoning See Remarks, Single-Family, Short Term Rental Allowed
Direction Main Street in Torrey, Utah. On Main Street in Torrey, on block east of Center Street. 4-plex is on north side of road behind Wild Rabbit Cafe and Slackers. Access on either side of cafe.
Interior
Interior Features See Remarks, Basement Apartment, Closet: Walk-In, Den/Office, Gas Log, Great Room, Kitchen: Second, Kitchen: Updated, Mother-in-Law Apt., Vaulted Ceilings
Heating Electric, Propane, Wall Furnace
Flooring Carpet, Tile, Vinyl
Fireplaces Type Insert
Equipment Fireplace Insert, Swing Set
Fireplace false
Window Features Blinds,Drapes,Full
Exterior
Exterior Feature Awning(s), Balcony, Out Buildings, Lighting, Patio: Covered
Garage Spaces 6.0
Utilities Available Natural Gas Connected, Electricity Connected, Sewer: Septic Tank, Water Connected
Waterfront No
View Y/N Yes
View Mountain(s), View: Red Rock
Roof Type Asphalt
Present Use Residential
Topography Fenced: Full, Road: Paved, Secluded Yard, Sprinkler: Manual-Full, View: Mountain, View: Red Rock
Accessibility Ground Level
Porch Covered
Total Parking Spaces 12
Private Pool false
Building
Lot Description Fenced: Full, Road: Paved, Secluded, Sprinkler: Manual-Full, View: Mountain, View: Red Rock
Faces South
Sewer Septic Tank
Water Culinary, Irrigation, Rights: Owned
Structure Type Stucco
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Loa
Middle Schools Wayne
High Schools Wayne
School District Wayne
Others
Senior Community No
Tax ID 03-0096-0066
Acceptable Financing Cash, Conventional, Exchange
Horse Property No
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with Red Rock Real Estate LLC