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About This Home
This 1-bedroom, 2-bathroom condo at 1200 W Lori Lane in Heber City, UT is listed for $1,900,000 ($523 per sqft). Built in 2017, the home offers 3,634 sqft of living space on a 0.06 acres lot.
1200 Lori Lane #C15 is a rare opportunity to own a true income-producing investment property in the heart of the Wasatch Back. This 4,400 SF luxury flex space features three fully lockable levels, allowing for three separate tenants with no crossover between spaces--an increasingly sought-after configuration for today's investors.
The property is currently 100% leased with three established long-term tenants in place, generating a 5%+ cap rate in one of Utah's fastest-growing markets. With seasoned leases, no vacancy, and immediate cash flow from day one, this is a stabilized asset designed for predictable returns.
The main level features a 14-foot oversized garage door opening to approximately 2,000 SF of flex warehouse space, ideal for equipment storage, showroom use, or business operations. It also includes four private offices, a large conference room, break room/kitchen area, and secure separation between warehouse and office space.
The second level offers more than 1,000 SF of residential living space, including a large bedroom, full en-suite bath, and spacious family room. The third level functions as a fully independent one-bedroom apartment with a designer kitchen, large bathroom, and comfortable living area.
Both residential units benefit from strong rental demand due to their proximity to Deer Valley East Village and the Jordanelle corridor. Originally finished by one of Park City's most respected builders, the property showcases exceptional craftsmanship and quality throughout, supporting long-term tenant retention and asset value.
Conveniently located just 5.5 minutes from Deer Valley East Village and 2 minutes from Jordanelle Reservoir, this property combines reliable cash flow with strong appreciation potential. With all three tenants in place, long-term leases, and a 5%+ cap rate that is increasingly difficult to find in the Park City area, this is a true turnkey investment opportunity.
Key Features
- Built in 2017
- 0.06 acre lot
Property Details
Amenities
Monthly Cost Estimate
$16,162/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1200 W Lori Lane
Heber City, UT 84032
Park East
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 1-bedroom, 2-bathroom condo at 1200 W Lori Lane is listed at $1,900,000 ($523/sqft). The estimated monthly payment is $14,233 based on 20% down at 6.5% interest.
HOA fees are $6000/month.
Key features include: Built in 2017, 0.06 acre lot. Interior Features: Storage, Ceiling Fan(s), Pantry. Exterior Features: Drip Irrigation.
This property is listed by Jonathan Crosswhite and can be reached at 4356594757 or jonathan@jonathancrosswhite.com.








