Multi Family Investment 366 W Fitness Way 3 Unit Apartment Building $1,696,543 CAD ($565,514 CAD/Unit) 5.50% Cap Rate Ivins, UT 84738

366 W Fitness Way presents an opportunity to acquire a newly constructed three-unit multifamily asset in Ivins, Utah. The property consists of three residential units featuring a mix of 3- and 4-bedroom floor plans, each with 2.5 bathrooms, attached two-car garages, private balconies, and extended driveways. The development is reported as fully leased, with three one-year leases recently commenced, providing immediate occupancy and income generation.
Constructed in 2026 and covered by a builder warranty, the property benefits from new construction and modern residential finishes. Interior photographs indicate open-concept layouts, contemporary kitchens, updated cabinetry, hard-surface flooring, and spacious living areas.
The property is situated within the growing Ivins market and is positioned near local schools, parks, neighborhood services, and commercial amenities identified on the area map. Nearby destinations shown in the brochure include Red Mountain Elementary, Lava Ridge Intermediate, Archie Gubler Park, Ivins Park, and retail and dining establishments along the surrounding roadway network. The site is accessible from Old Highway 91 and is proximate to Pioneer Parkway and South 200 East.
For investors seeking a recently completed multifamily asset with existing tenancy, modern residential product, and low initial capital improvement requirements, Sage Villas offers a stabilized ownership opportunity supported by reported leasing activity and rental demand in the area.