Description
Buyer could not obtain financing. Seller is willing to carry 50% down in first position. Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has vesting and 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. Seller is willing to sell just the high density if desired. 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. Seller will obtain final plat approval with full price acceptable offer. Approximately 60 days needed to obtain final plat approval.
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0BEDS
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27ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Buyer could not obtain financing. Seller is willing to carry 50% down in first position. Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has vesting and 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. Seller is willing to sell just the high density if desired. 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. Seller will obtain final plat approval with full price acceptable offer. Approximately 60 days needed to obtain final plat approval.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-12-05T12:39:50.137. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.