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245 RED CLIFFS DR, St. George, UT 84790
$249,000
245 RED CLIFFS DR, St. George, UT 84790
Type
Condo
List Price
$249,000
Price/Sqft
$871
Est Gross Yield
6.2%
$15,528/yr est.
Property Details
Description
PERFECT 1031 EXCHANGE OPPORTUNITY! BIG INCENTIVE - BUILDER IS OFFERING A LEASEBACK FOR THE FIRST YEAR. TOTALING OVER $20K (REACH OUT FOR MORE DETAILS) . Own a Pool Side Condo-hotel unit in one of St. George's busiest and most desirable districts, drawing year-round tourism and tournament traffic. Ideally located within the Promenade Shopping Center, adjacent to I-15 Exit 8 and directly across from The Shoppes at Zion, this property offers exceptional visibility and accessibility. The hotel is undergoing a full redesign and renovation with upgraded resort-style amenities. Enjoy a private outdoor pool, hot tub, fire pits, BBQ's and enhanced privacy with the raised east wall surrounding the pool area. Additional amenities include guest laundry facilities, business center, complimentary breakfast, and WiFi. Each unit includes standard hotel features such as a flat-screen TV, table and chair, coffee maker, microwave, refrigerator, hair dryer, iron and ironing board, with select connecting rooms. Optional Kitchenette can be added. Condo owners also enjoy access to an exclusive owners lounge during their stay.
Listed by Lacy Stevens · Omada Real Estate
Location
245 RED CLIFFS DR, St. George, UT 84790
Proforma
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Cap Rate
4.15%
Cash-on-Cash
-1.41%
Cash Flow
-$110/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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