Latest / Short Term Shopping / Southern Utah

Transcript

Southern Utah · Short Term Shopping

• 0:02
  Speaker A: Welcome to Short Term Shopping, where we explore homes for sale in the best vacation markets in America. Some homes we do like, some homes we don't like. Brought to you by the Short Term Shop. It's Short Term Shopping. All right. Short Term Shopping. We are in Utah. Utah. And I'm very excited about this. This is a market that I don't know a whole lot about. I have been there a few times with the family on RV trips, etc. And my brother is a National Park Director of National Parks, and he was. He was at. I've stationed, for lack of a better way to put it, at a couple of parks in Utah over the years. But very exciting for me because I'm looking to learn as well. So, Cody, tell us a little bit about you and your market.
• 1:01
  Speaker B: Yeah. Awesome. Fantastic to join you today. Again, Cody Roberts, with the Southern Utah Market. I have been a real estate enthusiast for 20 years or more. I have been in and out of the industry a couple times, but I love it. I love everything about real estate. Going and checking out homes, working with clients, talking about deals, negotiating, pricing. And usually when someone sends me a property and says, hey, what about this? I've most likely, I've already walked through it and I know everything about it just because I love checking out the properties as they pop up and just seeing what works and seeing what doesn't. And connected with Luke and Avery, I don't know, what was it about three, four, six months ago now, and started to develop southern Utah when Avery said, hey, wait, we don't have representation there. I'm looking for somebody so super excited to be working with you guys and providing awesome properties for anyone that's looking to invest in Southern Utah. Love it.
• 2:09
  Speaker A: Love it. And with that, can you explain to us and. Or show us where geographically, what are we talking about here? Is this a very large region? Is it national park, you know, specific? What are we talking about geographically?
• 2:26
  Speaker B: Yeah, great question. So generally for Southern Utah, we're looking at Washington county and Iron county specifically. Some people will talk Moab. Moab's a little bit too far away because it's just not a great way to get there. So you're a good six or seven hours to get to that part of the. To the state. So we're at the bottom of Utah. We're about an hour and a half to two hours north of Las Vegas, depending on how fast you drive. Um, so a lot of people will fly into Vegas and then come up here. The great part is, is when you do that, travel you have to come to St. George, Utah. You cannot escape that city coming from Vegas up into Utah. So people will definitely stop in St. George, and that is the main city within Washington County. And. And then you can travel a little bit east into cities called Hurricane. It is spelled Hurricane, but we call it Hurricane. And then other cities that are Washington, and we get closer to starting to go up into Zion, there's the city of Laverkin. And then you start traveling up into. Towards the gate of Zion's National Park. So, yeah, just scroll a little bit further down there, Luke. And here. Yep, yep, there's. There it is. So you can kind of see where in the part of state of Utah that we are. And right in the middle there, you'll see Loverkin, LA Space, V R K I N that one is your last city within kind of the metropolitan area before you start traveling up to the Zion's Park. Now, there's a few more cities that you'll pass on the way up. There's Virginia, and then when you get closer, there's Rockville, and then the last city before the gates to Zions is Springdale. So. But There's a good 30 minutes in between from Laverkin. So a lot of the properties that we look at are actually in Hurricane and Laverkin, because those are. Those two cities are just positioned just right for being still in the metropolitan area, but also get up onto the head up to the park for Zion's National Park. So you can kind of see where it shows Zion's national park there in green, where it's further east. So from St George, the main city, you're going to be about 45 minutes. 45 to 60 minutes to get to the park entrance.
• 5:00
  Speaker A: You've got me looking at maps on the side over here. I'm trying to. We've done so. We are road trippers. I don't like to fly, but trying
• 5:13
  Speaker B: to remember, we get a lot of people that drive here as well, so. And surprisingly, St. George actually has. Even though you said you're not. You're not a big flying fan. It has a great airport. It's a small airport, but surprisingly, it's got connections to a lot of major metropolitan cities like Salt Lake, Phoenix, Dallas, Denver. And a lot of people can fly right into St. George. The majority of them, of course, go to Las Vegas, but we do have a major airport and they're currently expanding that airport. They're going to double the size of it. We had 391,000 flyers last year, which was a record for how many flyers we've had in that airport. And so that got them approval to upgrade and expand the airport. So that's super exciting for us.
• 6:02
  Speaker A: Okay, do we get outside of this area, in other words?
• 6:07
  Speaker B: Not, not generally speaking. Now, now again, I did mention Iron county, which is, which is the county just north of this. And you can see Cedar City, Enoch, and then you've got Duck Creek Village and Brian Head, which is a ski resort. So we do talk about that area as well. I do include that as my southern Utah, but it is a different market because when you drive from St. George to Cedar City up I15, the freeway, you are climbing from about 2,500ft up to almost 6,000ft in elevation and you're back into what Utah is known for, which is four seasons and some good harsh winters. And that's why Brian Head, as part of Cedar City has a ski resort. Now, if you're an avid skier, you're going to some, some of the more high end skiers say it's a, it's a rink a dink ski resort, but it still works for southern Utah. So they are two completely different markets depending on what you're looking for. Some people like to have a little condo up in Brian Head and then they tailor to the ski and ski out. But you can still travel an hour south, get into St. George and go water skiing at the lake. So kind of an interesting dynamic.
• 7:25
  Speaker A: And your weather's not nearly as cold down here.
• 7:29
  Speaker B: Correct. So in Washington county we have 300 plus days of sun. You're almost guaranteed good weather. It is the desert. It hardly rains. Now, I did say that and of course one of my clients came down and it rained those three days he was here. But that can happen. But yeah, we'll get up to 120 degrees in the summertime and in the wintertime it's generally 50, 60 degrees during the day. And so it's still fairly warm comparatively, unless you're a native. And then you'll feel like that's very cold. So.
• 8:03
  Speaker A: And where is Moab from here?
• 8:04
  Speaker B: It's, it's, it's east, correct? Yeah. And there's just not, not really a good, like you got to go all the way up to I 70 and over or you got to go all the way down through Arizona and over. So it's just from where we are, it's just not, there's not a good straight shot over to it. And so it's just, it's quite a ways away, but very far. Another great national park there, Arches National Park. So it's, it's, it's a great place, but it is a very kind of different market because it's just so far away from us.
• 8:34
  Speaker A: Yeah, my brother was that again. He's a park, national park ranger. He was at Mo or Arches for I think, two and a half years. He's got some crazy stories, you know, I mean, it's, it's, it's a, it's an interesting life living in the park, you know?
• 8:49
  Speaker B: Yeah, definitely.
• 8:50
  Speaker A: I should have him on the podcast sometime. But we're going, we're actually going to, we're taking him to. We're going to Disney World in a couple of weeks. It's a whole different, Whole different ball game, but anyway. All right, cool, man. So what do you have? You got some, some, some properties we can.
• 9:05
  Speaker B: To.
• 9:06
  Speaker A: To rip. To rip the shreds or what do we got?
• 9:10
  Speaker B: See if there's anything good. Let's see.
• 9:12
  Speaker A: All right, what do we got here? What's number one?
• 9:15
  Speaker B: All right, so the first one here is a one in Hurricane, which we just mentioned is one of the more popular cities favorable to short term rentals closer to Zion's national parks. So from Hurricane, you really could get to the Zion's gate within like 40 minutes. But also what's cool is, which we didn't mention earlier, Luke, is we have a couple of state parks. So San Hollow State park is a 1320 acre reservoir and quell state park is a 600 acre reservoir. And they're both right there in Hurricane as well. So very popular. Good choice, good location. And this property is really exciting because it's a single family detached. Now we say detached meaning it's not part of a condominium or townhome or row homes. It's detached from any other home and it's. So it's favorable. And then this one has a private pool. So to get a private pool, single family detached, three bedroom, two bath for $615,000 is a great, great price point. So I can show you the photos here.
• 10:31
  Speaker A: Yeah, wait, wait, wait. Go back. I have questions already. What year was this built?
• 10:37
  Speaker B: So this one was built in. I should have had that at my fingertips. It's right there. Yep, Yep.
• 10:44
  Speaker A: Should be here. 94. Top right. There we go. All right. All right. And, and so you're saying a detached home, just a regular single family home, is not all that common
• 10:57
  Speaker B: with a private pool in this price point. No, you're, you're usually closer to 900, 000 plus.
• 11:02
  Speaker A: So why the price tag.
• 11:05
  Speaker B: The price tag. Like you just pointed out, you've got a home that's. I mean it's been, it's been updated, but it's from 1994. It is a three bedroom versus a four or five bedroom. So. And. And this particular seller as wants to just move his. His money in to another state and to another project. So it's just got a great price point to it and you'll get to it. When we see it here, we could probably just jump over there really quick. But usually a private pool is there. It is, is. Is with. Yeah, more. More high end or expensive home. So this is just a really cool, unique property that has a pool.
• 11:51
  Speaker A: These houses next door, do people live in those houses?
• 11:55
  Speaker B: Correct. Yep. Yep. So you do have a resident here and over here.
• 12:01
  Speaker A: And they don't care that there's a rental.
• 12:05
  Speaker B: They. They tolerate it because this does have a legal permit. And one thing Luke, that we didn't talk about is Hurricane City is not issuing any more short term rental permits. They haven't for several years. They don't have any plans on issuing anymore in the future. They do have some that are approved with new subdivisions. So they'll. There is new inventory coming online, but this has a legal permit and it is transferable to the new homeowner. So that's something else that sets it apart.
• 12:34
  Speaker A: Sounds kind of like how they do things in Arizona.
• 12:37
  Speaker B: Yeah.
• 12:38
  Speaker A: Okay, cool. Keep going. I'll see more.
• 12:42
  Speaker B: Okay, so you've got the front room here. Kitchen.
• 12:48
  Speaker A: Yeah. Kitchen looks okay. Yep.
• 12:53
  Speaker B: Dining room.
• 12:57
  Speaker A: One of the bedrooms is carpet common.
• 13:01
  Speaker B: The other side of the bedroom. Go ahead.
• 13:03
  Speaker A: Is carpet common?
• 13:06
  Speaker B: Yeah, it can be, you know, I don't know, half, half and half. Like the home that I renovated recently, I put LVP throughout the whole thing. I didn't do any carpet. So you can, you can find homes that are either LVP or tile and then also homes that have carpet. So it's kind of a hit and miss on that. Here's one of the bathrooms, another bedroom and then a bunk room. Very common to get bunk rooms out here. Another bedroom, washer and dryer. So a little laundry room. And then outside you get a fire pit. Outdoor fire pits are very common. And then there's the side of the pool. And then this, what you see here, this zero scape that's also very common. Again, we live in the desert so they'll do a lot of this zero scape to save on water conservation. Outdoor barbecue. Very important. Again, like I mentioned earlier, 300 plus days of sun. People come here, they want to spend their time outside so the kids can be in the pool. They're barbecuing here. And then a little eating area out back, too. And then we're back to the, to the pool that we. That we showed earlier.
• 14:31
  Speaker A: It's cool. You got a price history there on the details. You know, like, what did he pay? How long they owned it be. Be. Yeah, there you go. Details.
• 14:40
  Speaker B: I think it'll be in history here. History.
• 14:42
  Speaker A: Yeah, there.
• 14:43
  Speaker B: Okay. This. Okay. It looks like they started at 6:35 and they're down to 6:15. But we don't have history before that, which is interesting. So they've. They've probably been operating this property for quite some time to not have any. Any history beyond that.
• 15:02
  Speaker A: And it's been for sale since January. End of January.
• 15:06
  Speaker B: Yep.
• 15:08
  Speaker A: Okay.
• 15:08
  Speaker B: Which, which, that's about right. Our. Our average days on market right now is about 80, 81 to 85. And they're. They're coming up on 90, so that's within about normal. So it'll probably get snatched up here pretty quick.
• 15:24
  Speaker A: Yeah, and I'm sure he's renting it all the while, so, you know, he's also probably not exactly in a huge hurry.
• 15:31
  Speaker B: That's exactly right. As you know, it can be tricky to sell a property while you're still airbnb it because then, you know, someone comes into town and they can't. They can't look at it because there's guests in there and they sometimes they just move on. So, yeah, you have to work through your bookings. And we're kind of in our. We're starting to get in our peak season. Spring and fall is our peak season because it's not too hot. And then spring break. We have various spring breaks throughout Utah that everyone seems to come down here for, so it can get tricky to show it.
• 16:10
  Speaker A: Okay, all right, cool. I like it. Let's go on to the next one here. 1997 was good to that house.
• 16:19
  Speaker B: Yeah.
• 16:19
  Speaker A: Oh, here we go for 1944. Old school.
• 16:22
  Speaker B: Yeah, yeah, yeah. This one's an older one, but what's cool about this one is it's in Laverkin, which is the next city over from Hurricane. On your way up. Designs National Park. Another great price point of 599. And this one, though, has five bedrooms, three bath, and sits on a larger lot. So it's got some. Some really cool possibilities that could be done with. With the outside of this property. Little carport, outdoor seating area. You can See, the inside's been updated, obviously since 1994 or 44. They did a really good job with the. With the inside. And again, Luke, all these properties do come furnished. Turnkey, ready to go. Bunk rooms with a double bunk in this one.
• 17:16
  Speaker A: This area also has to have a permit.
• 17:20
  Speaker B: Yeah, yeah, absolutely. But again, transferable drop ceiling is common. This is another one of the living rooms. What's that?
• 17:28
  Speaker A: A drop ceiling is common.
• 17:31
  Speaker B: Yeah. No, no, no, that. That isn't common. Okay, Here's the backyard. Hot tub in the corner. Cornhole, popular game, Outdoor fire pit. Like I said, those are. Those are very common and popular. There's your hot tub, seating area, barbecue unit.
• 17:59
  Speaker A: Is this something I could get rental history on?
• 18:02
  Speaker B: Yeah, I don't. I don't have it, but yeah, these. These guys usually share rental history. Pretty easy. Sometimes, though, Luke, what you'll get is some. The second home market here is kind of large, and so a lot of this one isn't the case, but there are some where it's an afterthought. They're not doing it as an investment.
• 18:22
  Speaker A: And.
• 18:23
  Speaker B: And then when you ask for rental history, they're just not organized and they don't. They don't really have it to give you. So I've ran into that a few times, but as we always teach here. Right. Rental history is indicative of the manager and not the property. And so that just confirms, like, if they're doing it as an afterthought and they can't even give you the rental history, that also means that whatever history they have is probably not what the property could do anyways.
• 18:50
  Speaker A: Absolutely.
• 18:50
  Speaker B: To the front of it.
• 18:51
  Speaker A: Yeah. Let's go. I'd like to see how long this thing's been listed.
• 18:55
  Speaker B: Yeah, yeah, good point. Let's go to the history. Oh, I clicked. Okay, interesting. We've got a lot of history here because. Yeah. So wouldn't it have been nice back in 2015 to get this for 150 grand, Luke? Yeah. Yeah. And then it closed in 2023 for 482, and now it's 5.99. They originally listed it for 650, but it looks like this has been on the market for almost 300, 311 days. So for whatever reason, this one's been. Been sitting.
• 19:43
  Speaker A: Yeah, I'd say it might be priced a little high based on this history here.
• 19:46
  Speaker B: Yeah. Yeah.
• 19:47
  Speaker A: But interesting to know. And let's see, even in 23, they had it listed for. Well, is it two months? I guess not that long.
• 19:57
  Speaker B: Yep.
• 20:01
  Speaker A: Their original list price in 23 was 459 and it ended up closing for 482. So that's interesting.
• 20:09
  Speaker B: So yeah, so maybe they, they added furnishings or some seller concessions or something like that, right? Obviously, yeah, Great buydowns or something.
• 20:20
  Speaker A: Yeah, it was a wild time.
• 20:22
  Speaker B: And also there's also a fall through date. So it went under contract in May and then it fell through consignment remarks, concessions and then it closed again. So I don't know if that was the same buyer or if, or if they get. Just found another buyer. So.
• 20:40
  Speaker A: Interesting. All right, cool. What's next?
• 20:44
  Speaker B: All right, let's jump over to. We see, we, we saw a couple of older properties, but what you'll also find here is a, a lot of newer properties and very high end upscale properties. So this one is listed for just over a million dollars. It's a six bedroom, five bath, 3,000 square foot. And this one has a lot more room to it, a lot more space to spread out and, and it has some more modern finishes to it. So this one was built in 2021. And let's go ahead and go to the photos here so you can see right off the bat just a much nicer, more modern type of home. It shows a little bit better, but obviously it's got a better, bigger price point to it. It's a 21 jumping into the kitchen. Yep, 21 build. Kitchen and then a little dining room off to the side and then just kind of a little living room. This having your kitchen, dining room and living room all as kind of one big room is, is, is quite common out here.
• 21:59
  Speaker A: What's my, what's my location on this like scale of 1 to 10, how good is the location?
• 22:05
  Speaker B: The location on this one is really good because it's part of a community. So. And we're in hurricane still. So we saw the first one was in hurricane, the second one was in Laverkin and this one's in hurricane as well. So as you can tell, like I mentioned before, hurricane is just a great place to, great location. There's a, there's a door to the, to the outside dining room here. There's all the permits right there. You have to have them shown. That's the, the living room that we talked about. Looks like an LVP that actually might even be tile. We'd have to walk on it to see. But that looks more like some, some grout there. So that's probably a tile floor that looks like wood bedroom. And you can see the bedrooms are much bigger. They Also, this one has an access. Private access to the outside, The bathroom. And there's a. There's a downstairs to this one, kind of a little small living room area, another bedroom, great big windows, lots of light coming in. Here's the bathroom. Accent walls make it nice. Here's the other bathroom. And then one other bedroom, bunk room. And then those little game chairs. They can. They can do some gaming. And then the bathroom for that one and then another bunk room. So that's what's really nice about this, is we'd have to go back and look, but I think this one can sleep 20 plus people, so makes a big difference than the other ones that we've been looking at.
• 24:02
  Speaker A: And has. Has it changed hands one time? In other words, it was sold in 21 when it was new, I would assume.
• 24:10
  Speaker B: Correct. And I did. We'll go look at the history here in just a second. But I can't remember if this one went straight into the nightly rental pool or did it. Did it sit and did someone live in it for a while? So we can go check that out. A pergola outside, kind of a deck thing. And then the. The pool people can just hang out here, have some drinks, play in the pool. And then, of course, your outdoor fire pit, outdoor tv. Those always make it fun, too. They can be watching the game, swimming, doing their thing. It is a town home, so you are attached to some other homes here.
• 24:59
  Speaker A: Oh, really?
• 25:02
  Speaker B: That. That one there. That's Pine Valley Mountain.
• 25:04
  Speaker A: There you go. Yeah.
• 25:05
  Speaker B: Yeah, great. Great view there. And then this is the resort pool. So you have access to a private pool, but you also have access to the. To the community pool. And. And you can see it's got a lazy river designed into it. So quite a nice pool that you have access to as well.
• 25:26
  Speaker A: Looks like most of them don't have a private pool.
• 25:30
  Speaker B: Yeah. Yeah. So. Well, it's kind of hit and miss, but, yes, in this community, as you're kind of looking here, because a lot of times they just think, well, there's a community pool. Why. Why pay the money to private pool? Well, you have some guests that. That private pool, and you have some guests that love going to a community pool, so having the option is. Is really nice.
• 25:51
  Speaker A: Are most of the things in here for rent or no, would you say?
• 25:57
  Speaker B: Yeah, I would probably say. I don't know. I don't know the percentage, but yeah.
• 26:03
  Speaker A: But if you're driving around, it's pretty common to see out of state license plates.
• 26:07
  Speaker B: Correct? Correct.
• 26:08
  Speaker A: Okay, got you. All right. Yeah.
• 26:10
  Speaker B: Here's the clubhouse.
• 26:12
  Speaker A: This reminds me of like a Branson style kind of a vibe here, or even Florida with that giant pool.
• 26:19
  Speaker B: Yeah. And then this is just pictures of the clubhouse. You can come out, hang out here, play games, go to the fitness center. And then so obviously, Luke, as you know, you can list this as part of your, your, your listing advertising amenity features. This is a splash pad. I don't know if people are familiar with that, but it's just a little bit of a water you can see shooting up and the kids can come and play and get a little wet. These are very, very common out here and popular. So they're not actually swimming, they're just playing around and they can still get wet. But you can see the pools back here. So you can kind of choose where. Where you want to hang out and where you want your kids to play. But the kids just love this splash pad. And I get this feedback all the time where they. They bring their family here on vacation, they spend a day or two up in Zion, and when they leave, the. All the, all the things the kids talk about is the splash pad and the pool. So this is fun where you have your fire put sunk in down into the pool. Yeah, I love that.
• 27:28
  Speaker A: How much is this again?
• 27:31
  Speaker B: This one's a million. Just over a million dollars. So a little bit. A little bit more. More spendy, but obviously you're going to get quite a bit more rents on this property. And I don't know if this is the. The podcast for that, but we. We just talked rent yesterday with Avery, so that one will be coming out soon so people can get an idea of what the rents look like. But we're back to. Back to the beginning of this.
• 28:00
  Speaker A: Yes. And we do have.
• 28:01
  Speaker B: Let's go look.
• 28:02
  Speaker A: We do have a whole podcast series on this market with Avery. You can find that on our podcast channel anywhere you listen to podcasts, just search for the short term shop. All right, what do we got next? I like that one. That one was, you know, that was the fancy. That was the easy button.
• 28:21
  Speaker B: Yeah. This one's. This one's cool. This one does not have a private pool, but they had the opportunity to nestle this one right into the rocks. Our southern Utah is common for the red rocks and the red cliffs. And they built this right into it. And there's a fire pit right up on top of the rock. So it just shows really well. This one's built in 2018 and this one's pretty cool. So already you can see there's the Home. But look at how we're just right in the rock here. You can see they put a little dragon or komodo of some kind up on top. And then there's a deck they built right into the rock here. So just a really cool property. Look at that. So outdoor fire pit. Again, very common. But this one is on a deck up in the rocks like this. This is cool. This is unique. You don't usually have a private fire pit deck balcony out on the rocks like this.
• 29:27
  Speaker A: Very cool.
• 29:29
  Speaker B: Now we're in the house. So you can see laundry room. Just a little laundry room with washer and dryer is very common. Comes. Comes with most properties. Open area for the living room. And you can see right there out that window, there's the rocks. And so they. They just kind of carve some steps into the rocks where you can climb up to the. To the deck out there. You can tell white kitchens are popular here. So I could point this out. It's to get approved out here, you know, you have to go through the fire marshal for. For nightly rentals. So you can see there's a fire extinguisher. And you probably saw on some of these where they identify the exits. And that's all part of getting that permit is. Is making sure that you meet the commercial side of fire safety, not just the residential side. So here's a bedroom bathroom there.
• 30:32
  Speaker A: This one is very cool. Oh, they live in it. Look at that. I didn't expect that.
• 30:37
  Speaker B: Yeah, this one's interesting because they. They do. They do have. It's a second home for them. So they. They live. They live up north from here, up in the Salt Lake area, and they started renting it out, and then they just decided just to ultimately sell it. Kind of a theater room and then a deck upstairs. This is upstairs.
• 31:01
  Speaker A: You know, that's more common than you think. That's something we don't talk about enough, is the fact that there are a lot of wealthy people out there that will buy something like this just for fun and usually.
• 31:11
  Speaker B: Exactly.
• 31:13
  Speaker A: And then obviously wears off after a couple of years, and then it's just sitting there. And be honest with you, they don't care if they sell it or not. You know, there are so many people out there with so much money, and that is something that we really don't talk about that often enough. You know, a lot. A lot of times people bring up, oh, why are they selling it? This, that, and the other. And it's like, well, first of all, who cares why they're selling It. They're selling it. And second of all, you know, there's a very. There's a good chance that they just bought this thing because it was either this or a pontoon. And they. They found a new build that they liked if, you know, four or five years ago. And here we are, you know. Exactly.
• 31:46
  Speaker B: Right? Yep. So here's our bunk room. Double bunks, so some murals on the wall to make it a little themed and festive. So you can see this is the bathroom to the bunk room there. Then another bedroom here. And this one's. This one. I don't know if we said this one's 889,000. So you have the deck, and then you can see the. The deck they built out up in the rock up in the back there. Then they also have a hammock here.
• 32:25
  Speaker A: So. Cool.
• 32:30
  Speaker B: And then that is most likely above there. You see that little cord there? That is probably m. So again, we're in the desert. It's hot, it's dry. So a lot of times they'll put misters on the porches and deck and then you can just turn on and have a little mist of water. And it just feels. Feels really good on a hot summer day.
• 32:49
  Speaker A: Cool. All right, we got one more. Oh, you got. Oh, sweet. Staircase.
• 32:58
  Speaker B: Yeah, Spiral staircase where you can walk up and down the deck so that you don't. And then it has its own hot tub. So there's the deck, there's the house. Yeah. So it's a great, great property. Yeah, we do. Yeah, that one's a great one. This one. This one I wanted to show just because this is in a city called Rockville, which is seven minutes from the Zion's Gate. Lu, you probably have heard me talk about Rockville before, but what's crazy about Rockville is they've issued five short term rental permits. They issue them as bed and breakfast, but all you have to do is serve. Just provide some muffins in the morning. And you've checked off that. That criteria for bed and breakfast. The city does not plan on issuing any more permits, and they are transferable, and this is one of them. So this is a unique find because if you want a nightly rental in Rockville, you don't usually find it. And if I wasn't in the middle of a project right now myself, I'd be all over buying this one. So it's built in 1984. It's got a large lot, so you can do like. This one doesn't have any, like, hot tubs or anything. Outside. So that's something you could add to the property and kick it up to the next level. And it's just a really cool, cute property. It is listed for 1.39, but you can see just it shows very well. And then the other way they do this in Rockville is you can have up to four units, but they all have to be accessed by the front door, so they can't have their own entrance and exit. So what they've done is they've taken the bedrooms of this property and, and identified them as a unit. So but you can see how well this shows outside. Outdoor gazebo and it's got on site living quarters for a manager in the basement. And then it's got some common space. So this will be one of the common space here. This is part of that common space that everyone can use. And then the kitchen. You can see there's four fridges in here. So each room has their own fridge. So basically you rent a room and then you, you, you get your fridge assigned to that room. So it's a little bit non traditional from, from a standard Airbnb kind of operates a little bit like a, like a hotel or an actual bed and breakfast, but it's a pretty cool, pretty cool property. And again, you're seven minutes from the Gates of Zions. That's another common area. So here's unit two, or bedroom two. So this is being rented out individually. And so here's the bedroom and then there's the bathroom.
• 36:03
  Speaker A: Each one has a bathroom?
• 36:06
  Speaker B: Yep, each one has a bathroom. And then here's unit one. So there's the bedroom a little bit bigger on this unit. So depending on which, which unit is, they're slightly bigger. And then there's the bathroom right there.
• 36:26
  Speaker A: I would definitely need to see financials on this one.
• 36:31
  Speaker B: There's the laundry room. The laundry room is common here because
• 36:35
  Speaker A: I do think the financials on this one would be relevant. And this is a very interesting property. It's a. Basically a mini. You know, it's, it's a. Like you said, it's a traditional bed and breakfast, which is. They're, they're very uncommon.
• 36:47
  Speaker B: Yeah, yeah. So another common room. I personally think she has too many common rooms. I would probably maybe try to make, I think if I remembered the walkthrough. Right. I might make one of the bedrooms a little bit bigger. Unfortunately, the city doesn't let you have more than four units, so adding a fifth unit is not allowed. But maybe making some of the rooms a little bit bigger and A little bit more roomy could be an option. It does have a full commercial kitchen. Wow.
• 37:21
  Speaker A: It's kind of weird. They spent a lot of money on this thing.
• 37:26
  Speaker B: Yeah. Yep. This is bedroom number three, or unit number three, and then unit number four.
• 37:41
  Speaker A: And it's ready to go.
• 37:43
  Speaker B: It's ready to go.
• 37:45
  Speaker A: Would they pay for it? They definitely rehabbed it very recently.
• 37:49
  Speaker B: Yeah. And then this is the basement. So this is where the owner actually lives. It's just in the basement. So it's got its own kind of live manager, live on quarters if you want. There's the outdoor barbecue, but you can see it's got just a big, big property. So adding like a hot tub, pickleball court, or even a. A pool would be. I mean, a pool can get pricey, but it would really. It'd really add to it. And it didn't show it very well from the front of it. But there's a whole parking lot right behind us. If you were standing taking this picture, there's a big old parking lot so that you can make sure. And you can see it here on this one. So you come right off Main street, and there's kind of a parking lot right there. So there's plenty of parking. There's a little bit of the floor plan. Now we're back to the beginning. So. Yeah. So going to the history of this one. Yeah. So what would you say it was? No, that. Expired. Cancel. Expired. Cancel. Closed. So someone bought it in 2015 for 400 grand. And then you can tell Luke they put a lot of money in it between there and. And listing it.
• 39:22
  Speaker A: Yeah, they've owned it for a while.
• 39:24
  Speaker B: Yep. And she just wants to retire. She's just ready to retire. That's her reasoning on this one.
• 39:32
  Speaker A: Well, you've done your homework. All right, well, we are out of time. Appreciate it, brother. And how do we get a hold of you,
• 39:41
  Speaker B: cody, @theshorttermshop.com?
• 39:43
  Speaker A: love it. Well, we'll see you again, hopefully real soon. I know we had a lot of stuff we didn't even have time to get to today, but we appreciate it. Thank you for hanging Short term shopping. We'll see you next time.
• 39:56
  Speaker B: See ya.