366 W Fitness Way - Apartments FOR SALE


Ivins, UT 84738
$1,223,236 USD
435-627-5705
366 W Fitness Way, Ivins, UT for Sale
$1,223,236 USD
Apartments - FOR SALE
1/20
null | 5.5% Cap Rate

366 W Fitness Way
Ivins, UT 84738


HIGHLIGHTS

  • Fully Leased – Strong leasing market with 3 one-year leases recently commenced
  • New Construction – Under builder warranty
  • Utah Licensee Disclosure: A member of the selling entity is a Utah licensee.
  • The property is fully leased with three recently commenced one-year leases in place.
  • Newly constructed improvements are reported to be covered under a builder warranty.
  • Units offer 3- and 4-bedroom floor plans with 2.5 bathrooms.

OVERVIEW

366 W Fitness Way presents an opportunity to acquire a newly constructed three-unit multifamily asset in Ivins, Utah. The property consists of three residential units featuring a mix of 3- and 4-bedroom floor plans, each with 2.5 bathrooms, attached two-car garages, private balconies, and extended driveways. The development is reported as fully leased, with three one-year leases recently commenced, providing immediate occupancy and income generation. Constructed in 2026 and covered by a builder warranty, the property benefits from new construction and modern residential finishes. Interior photographs indicate open-concept layouts, contemporary kitchens, updated cabinetry, hard-surface flooring, and spacious living areas. The property is situated within the growing Ivins market and is positioned near local schools, parks, neighborhood services, and commercial amenities identified on the area map. Nearby destinations shown in the brochure include Red Mountain Elementary, Lava Ridge Intermediate, Archie Gubler Park, Ivins Park, and retail and dining establishments along the surrounding roadway network. The site is accessible from Old Highway 91 and is proximate to Pioneer Parkway and South 200 East. For investors seeking a recently completed multifamily asset with existing tenancy, modern residential product, and low initial capital improvement requirements, Sage Villas offers a stabilized ownership opportunity supported by reported leasing activity and rental demand in the area.

FOR SALE DETAILS

PRICE

$1,223,236 USD

PRICE/SF

$182 USD /SF

# OF UNITS

3

PRICE/UNIT

$407,745

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi Family Investment

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,810 SF

ZONING

R-M-TH

APN/PARCEL ID

1248851,1248868,1248875,1248882

ASK ABOUT THIS PROPERTY

Wes DavisNAI ExcelMore Info
435-627-5705

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Wes DavisNAI ExcelMore Info
435-627-5705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.