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Updated about 2 months ago,
Utah Off-Market Deal β 4 Acre Ranch Estate with Dual Income Potential β π
π QGF5+F69 Indianola, UT | 4-Acre Ranch Estate
π° Priced to Sell: $405,000
This 3-bedroom, 2-bathroom ranch estate on a 4-acre lot offers a rare opportunity to secure substantial equity from day one. Priced at $405K, this property is about 37% below its After Repair Value (ARV) of $640K, making it a prime investment with minimal repairs needed. Featuring a 2-bed, 2-bath ADU for rental income, this property offers strong cash flow potential, with projected rental income of $3,200 per month. The expansive lot provides endless opportunities for value-add improvements and future expansion, ensuring long-term profitability.
π‘ Financial Highlights
- ARV: $640K
- Asking Price: $405K
- Cash Flow: $2,900 (current), $3,600 (projected with improvements)
- Repairs: Minimal (great condition with minor upgrade options)
- Financing Options: Cash or hard money
π‘ Property Details
- Main Home:
- 3 Beds, 2 Baths
- 3,966 sq ft (large unfinished basement included)
- Features: Cozy fireplace, walk-in closet, and spacious living area.
- ADU (Accessory Dwelling Unit):
- 2 Beds, 2 Baths
- Perfect for rental income or guest accommodations.
- Garage: Extra-large 2-car garage.
- Lot Features: Horse property with amenities for goats, chickens, and more!
π Why This Deal is Special
This 3-bedroom, 2-bathroom ranch estate on 4 acres offers a rare investment opportunity with immediate equity potential:
- Priced 37% below After Repair Value (ARV), ensuring a substantial return from day one.
- Dual income potential with a 2-bedroom, 2-bathroom ADU offering rental income.
- Expansive 4-acre lot perfect for future expansion, creating even more value.
- Horse property with built-in animal amenities for additional appeal.
- Minimal repairs needed, allowing for a high ROI with easy upgrades.
- Unfinished basement offers additional expansion or rental opportunities.
With strong comps in the area and projected rental income of $3,200/month, this property delivers both immediate and long-term profit potential.
π Required Repair Overview
- No Required Repairs
π Optional Improvement Overview
- Exterior Appeal: Repaint the exterior in a modern, weather-resistant color scheme and update the front door for a fresh first impression. Estimated cost: $2,000β$3,000.
- Windows & Doors: Replace older windows with energy-efficient models to improve insulation and reduce utility costs. Upgrade interior doors for a more cohesive and modern look. Estimated cost: $3,000β$5,000.
- Living Room: Add built-in shelving or a custom entertainment center to maximize space and add a polished touch. Estimated cost: $1,200β$2,000.
- Garage: Install smart garage door openers and add overhead storage solutions for added functionality. Estimated cost: $1,000β$1,800.
- Basement: Finish part of the basement to create additional living or rental space.
π Comparable Sales (Comps)
Area avg.: $525,000 - $650,000 ($250 - $280 per sq ft)
- 0, Indianola, UT 84629, from $642,518
- 1589 N Grizzly Way, Elk Ridge, UT 84651, from $590,000
- 1272 E Loafer View Dr, Payson, UT 84651, from $525,000
π Comparable Rentals
Area avg.: $2,500 - $3,600/mo
- 0, Indianola, UT 84629, from $3513/mo
- 1589 N Grizzly Way, Elk Ridge, UT 84651, from $3404/mo
- 1272 E Loafer View Dr, Payson, UT 84651, from $3059/mo
Reach out for more information, photos, or videos. Opportunities like this donβt last long!