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Quadruplex

Active

27Days on Market

$850,000

$215/sqft+3.9%/yrHome values in the 84040 zip code have grown an average of 3.9% per year over the last 5 years.

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About This Property

I'm interested

Rare opportunity to acquire a well-maintained townhouse-style fourplex in a desirable East Layton location, with the option to purchase the adjacent fourplex for a combined total of 8 units (see MLS #2175570). Each unit features 2 bedrooms, 1.5 bathrooms, washer and dryer hookups, central heating, and evaporative (swamp) cooling. Townhouse-style construction provides added privacy with no units above or below. Each unit includes a covered carport and a private storage shed. Several units have been updated with laminate flooring and new tub/shower surrounds. Current monthly rental income is $5,345, with rents of $1,350, $1,350, $1,295, and $1,350. Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. Conveniently located with easy access to Highway 89, shopping, schools, and major employers, this property offers stable in-place income and the rare opportunity to expand into an eight-unit portfolio in one of Layton's most desirable rental markets. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.

Property Features

Heating

Gas: Central

Flooring

Carpet,Laminate,Tile

Parking

Covered

Unit Breakdown

Type 1×4

2 bed · 2 bath · Square Feet: 990

$0/mo each

= $0/mo

Total Actual Rent(4 units)

$0/mo

Location

Estimated Monthly Payment

$4,825/mo

Down Payment$170,000 (20%)

Principal & Interest$4,311

Property Tax$355/mo

Insurance (est.)$159/mo

Est. Total$4,825/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2175574• Tax ID: 10-003-0002

Courtesy of Joshua Spackman, Rock Canyon Real Estate LLC · 385-309-7824 · jspackman8@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.