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Quadruplex

$20,000 reduction

Active

153Days on Market

$809,000

$226/sqft+2.9%/yrHome values in the 84116 zip code have grown an average of 2.9% per year over the last 5 years.

$829,000↓$20,000 (2%)May 28

Mountain ViewCorner LotCul-de-Sac

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About This Property

Great investment opportunity in Salt Lake City's west-side near the North Temple corridor, an area seeing strong redevelopment, TRAX access, and continued appreciation. Convenient location with easy access to downtown, the airport, and major freeways. Property features include: Four 2 bed / 1 bath units with strong rental demand and consistent occupancy 2022 updates including exterior paint, new railings, doors, lighting, flooring, and appliances Additional value-add potential with opportunity to increase rents approximately 15% through further interior upgrades and repositioning Quiet street with mature trees Utilities = ~$210 / month average Trash = $148 / month (shared with 2 other buildings) Seller owns two additional fourplexes next door and is open to selling individually or together. Rare opportunity to acquire one, two, or all three properties for scale, management efficiency, and portfolio financing. Strong asset in a growing area with upside.

Property Features

Heating

Forced Air,Gas: Central

Flooring

Carpet,Laminate

Laundry

Electric Dryer Hookup

Interior Features

Range/Oven: Free Stdng.

Parking

Parking: Uncovered

Unit Breakdown

Type 1

0 bath

$0/mo

Type 2

0 bath

$0/mo

Type 3

2 bed · 1 bath · Square Feet: 896

$0/mo

Type 4

2 bed · 1 bath · Square Feet: 896

$0/mo

Total Actual Rent(4 units)

$0/mo

Location

Estimated Monthly Payment

$4,583/mo

Down Payment$161,800 (20%)

Principal & Interest$4,103

Property Tax$328/mo

Insurance (est.)$152/mo

Est. Total$4,583/mo

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

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MLS# 2146266• Tax ID: 08-34-177-001

Courtesy of Elizabeth Roberts, Equity Real Estate (South Valley) · 801-755-3996 · elizabeth.merr@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.