Foreclosure in Park City>Question Details

Colin, Home Buyer in Brooklin, ME

Are there any apts/condos/townhome available in the PC area for less then $100,000? 4 investment/rental. 1-2 bed, 1 bath. Does it exist?

Asked by Colin, Brooklin, ME Thu Sep 2, 2010

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I have a few great buys below that will be some options for you in your search. I also have many more available that may be of interest for you. Please contact me and I can get you more properties.

MLS Number Type Status Price Address
Condo Active $99,000 7065 N 2200 W #2-U, Park City, Utah 84098
Condo Active $99,000 6851 N 2200 W #10C, Park City, Utah 84098
Condo Active $89,000 900 BITNER RD #P-12, Kimball Junction, Utah 84098

Feel free to text me or email more questions you may have. Many of our properties in some areas have come back down to the price range they were in before the market went up.

Steve Blankenship
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0 votes Thank Flag Link Thu Sep 2, 2010

Yes, there are a few options to look at although few that can have the ROI that you can get from places in FL and AZ. Here in Park City you will be looking for units that will be long term (yearly) rentals in order for them to make sense as investments. You can find them in the Powderwood and Canyon Creek condominiums in the Kimball Juction area of Park City. We are also seeing condominiums in the Snow Country and Iron Horse complexes in Park City Proper approaching your price range. Studios in Prospector square can be purchased for under $100K and can produce a positive cash flow.

Your total investment needs to be taken into account as well as vacancy rates and some future developments that will likely impact rental rates for some of the previously mentioned condominium complexes. HOA fees and CC&R's can make some things that appear to be a good investment questionable.

Feel free to contact me at (435) 901-1417 for more information. Look to to see all of the listings on the Park City MLS.
0 votes Thank Flag Link Thu Sep 2, 2010
Oops - I just saw 2 1 bedroom condos at Canyon Creek. Sorry I missed those at first glance
0 votes Thank Flag Link Thu Sep 2, 2010
There are actually 24 condos currently listed under 100K, but they are all studios. No one bedrooms right now. The units the other agent wrote about are also studios. Now, let's talk about rental potential. Studios rent just as well as 1 bedrooms. One area I happen to love and have sold a few units in is Prospector Square condos. They draw rentals not only in the winter, but summer too. Because they have large convention facilites on site, they tend to book the convention groups into the rooms. For example, every summer they book every unit to a math group for 30 days. Most places are lucky to get half that in the summer. There are some great plans in the works there that are not official yet.
You can go to my website and click on property search. It lets you search by price or area or size. Or, to make your life easier, e-mail me and I will send you some units to view. Once you find something you are interested in I can get rental estimates for you. Heather Feldman 435-731-0803
0 votes Thank Flag Link Thu Sep 2, 2010
I recommend checking out the Lodges at Stillwater. Most are bank owned or auction properties, but you may find what you are looking for there.
Web Reference:
0 votes Thank Flag Link Thu Sep 2, 2010
Yes - there are condos in the Canyons ski area that are studios that are under 100k. They used to be closer to 400k. They are in the Canyons rental management program and are newer and furnished and walking distance to skiing. Feel free to email me directly or call me. Paul Benson 435-640-7441
0 votes Thank Flag Link Thu Sep 2, 2010
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