5120 E Grande Vermillion Ave, Kanab, UT 84741

$1,600,000
Property Type: MultiFamily Square Footage: 6,825 Lot Size (sq. ft.): 40,075 Status: Active - Contingent
Current Price: $1,600,000 List Date: 11/28/2025 Last Modified: 11/28/2025

Description

Turn-Key 8-Plex Multifamily Investment | New Construction | Fully Rented- This newly constructed 8-plex offers a rare opportunity to secure a fully leased, income-producing property with modern finishes and strong long-term appeal. Designed for efficiency, durability, and tenant satisfaction, this complex is an excellent addition to any investment portfolio. The property includes a balanced mix of units: two 3-bedroom, 2-bath units; three 2-bedroom, 1-bath units; and three 1-bedroom, 1-bath units. All units are all-electric and come fully equipped with a washer, dryer, refrigerator, range, microwave, garbage disposal, and individual HVAC systems. Interior finishes include quartz countertops, soft-close cabinetry, and LVP flooring throughout every home. Each residence features its own

More Information MLS# 25-267048

Contract Info

Original List Price: 1600000 Short Sale Status: No Listing Date: 2025-11-23

General Prop Info

Realtor.com: Multi-Family Lot Acres: 0.92 # of Buildings: 1 1 Bedroom Aprx SqFt: 595 2 Bedroom Aprx SqFt: 840 3 Bedroom Aprx SqFt: 1260 # Floors: 1 Elevators: No HOA Transfer Fee: No Year Built: 2025 Number of Units: 8 Total SqFt: 6825

Location, Tax & Legal

Total Taxes: 1 Tax Year: 2024 Elementary Schools: Out of Area Intermediate Schools: Out of Area Jr. High Schools: Out of Area Sr. High Schools: Out of Area List Price/SqFt: 234.43 Geo Lat: 37.028292 Geo Lon: -112.414003 List Price: $1,600,000 Current Price: $1,600,000 House Number: 5120 Street Direction Pfx: E Street Name: Grande Vermillion Street Suffix: Ave MLS Area: Outside Area State/Province: UT Postal Code: 84741 County: Other Tax ID: 6-3

Annual Grs Rntl Inc

# 1 Bedroom Units: 3 1 Bedroom Rent: 1000 1 Bedroom Total Rent: 3000 # 2 Bedroom Units: 3 2 Bedroom Rent: 1200 2 Bedroom Total Rent: 3600 # 3 Bedroom Units: 2 3 Bedroom Total Rent: 2800

Construction

Stucco: 1

Separate Meters

Electric: 1

Zoning

Commercial: 1 Multi-Family: 1

Garage/Carport

Carport Spaces: 16

Terms of Sale

1031 Exchange: 1 Cash: 1 Conventional: 1

Roof

Asphalt: 1

Heating

Electric: 1 Heat Pump: 1

Air Conditioning

Central Air: 1 Heat Pump: 1

Showing Instructions

Call Listing Agent: 1

Possession

Negotiable: 1

Status Change Info

Under Contract Date: 2025-11-23 Status: Active - Contingent

Property Features

Construction: Stucco Separate Meters: Electric Roof: Asphalt Heating: Heat Pump; Electric Air Conditioning: Central Air; Heat Pump Showing Instructions: Call Listing Agent Zoning: Commercial; Multi-Family Terms of Sale: 1031 Exchange; Cash; Conventional Possession: Negotiable
Listing Office: LRG Collective
Last Updated: November - 28 - 2025
Information deemed reliable but not guaranteed.