New Move-in Ready
3089 W 550 N Hurricane, UT 84737
3089 W 550 N, Hurricane, UT, 84737
$437,950
For Sale
$437,950
New home featuring an open floor plan and modern amenities.
Property Size1,540 SF
Lot Size0.04 Acres
Price / SF$284.38
Days on Market642
Property Features for 3089 W 550 N
General Information
- Standard status
- Active
- Size
- 1,540 SF
- Lot size
- 0.04 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2025
Listing Agency
GEMSTONE PROPERTIES INC.
(435) 599-1886
Listed by
JOSEPH PARKS · License #12859462-SA
(435) 599-1886
Source
Exitrealty
Added: Oct 17, 2024 Updated: Jul 10 at 1:04 pm Checked: Jul 19 at 4:52 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GEMSTONE PROPERTIES INC.
Investment Insights
Based on property information with market context.
This move-in ready home features an open floor plan with 10' ceilings. The flooring consists of super-durable porcelain tile throughout, with carpeted bedrooms. The primary suite includes a fully-tiled walk-in shower, double sinks, a garden tub, and a walk-in closet. Knotty Alder cabinets are equipped with soft-close hinges and under-cabinet lighting. The great room features a gas fireplace and provides access to the backyard. The Homeowner's Association (HOA) fee is reduced to $40 per month with upfront annual payment. The HOA covers landscape and irrigation maintenance, as well as weed control. Residents have the option to park their RV or trailer in a nearby gated lot after purchasing a $5 identification sticker. The property size is 1540 square feet.
Key Highlights
- Brand new construction (2025) and move‑in ready.
- Enjoy the open floor plan with 10' ceilings.
- Durable porcelain tile flooring throughout (except bedrooms).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $21.00 |
| − Vacancy | −$1.2k | −$0.80 |
| EGI | $31.1k | $20.20 |
| − OpEx | −$14.0k | −$9.09 |
| NOI | $17.1k | $11.11 |
1,540 SF · lease $21.00/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.9K – $285.2K
NOI $17,111 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$424.1K
$371.1K – $494.8K
NOI $29,685 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - New home featuring an open floor plan and modern amenities.
Where is this residential income property located?
The property is located at 3089 W 550 N Hurricane, UT.
What is the asking price?
The asking price for this property is $437,950.
What are key features of this property?
This property features: Brand new construction (2025) and move‑in ready.; Enjoy the open floor plan with 10' ceilings.; Durable porcelain tile flooring throughout (except bedrooms).
