UT > Ephraim
Ephraim, UT 84627,1100 N HIGHWAY 89
Ephraim, UT 84627,1100 N HIGHWAY 89
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
8
Aug
Sat
9
Aug
Sun
10
Aug
Jake Litchfield

Jake Litchfield

+1(385) 241-4424
$ 2,500,000
Est. payment | /mo

27.99 Acres Lot

Save
$ 2,500,000
Est. payment | /mo
Save

27.99 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 1899082

HOA Y/N No

Annual Tax Amount $10,000

Lot Size 27.990 Acres

Acres 27.99

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Multi Family

Property Description

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.

Location

State UT

County Sanpete

Area Ephraim; Manti

Zoning Multi-Family, Commercial, Industrial

Interior

Fireplace false

Exterior

Utilities Available Natural Gas Available, Electricity Available, Sewer Available

View Y/N Yes

Present Use Multi-Family

Topography Terrain: Flat

Private Pool false

Building

Lot Description View: Mountain, Terrain: Flat, Excl. Mineral Rights, Excl. Oil/Gas Rights

Sewer Sewer: Available

New Construction No

Schools

Elementary Schools Ephraim

Middle Schools Ephraim

High Schools Manti

School District South Sanpete

Others

Senior Community No

Tax ID 5358, 5358X4, 5358X5

Acceptable Financing Cash, Conventional, Seller Finance

Horse Property No

Listing Terms Cash, Conventional, Seller Finance

Listed by Equity Real Estate (Solid)

AFFORDABILITY CALCULATOR

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
$
$
$
%
Advanced
You can afford a home up to: $0
Your debt-to-income ratio is 36%
Quite affordable.
View Affordable Properties
Payment Breakdown：
$0 Month
agent

${companyName}

Phone

+1(385) 241-4424

Address

-, Lehi, Utah, 84043, USA

GET IN TOUCH

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Jake Litchfield, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1100 N HIGHWAY 89