Park City Ski in/out Westgate STR

[Steele Dewald]

Investment Info:

Condo buy & hold investment.

Purchase price: $1,025,000
Cash invested: $136,000

We purchased this unit off-market for 20% below market value. I had been talking to the seller for 5 months trying to get him to sell and he eventually felt as though it was time. The seller ended up investing in the deal. We are doing a 140k remodel and will be renting it for the foreseeable future. Investor returns will be between 6-8% in year one.