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Quadruplex

$25,000 reduction

Active

5Days on Market

$750,000

$331/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.

$775,000↓$25,000 (3%)Aug 26

Seller Financing

Price history — protected

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About This Property

I'm interested

Walkable Marmalade money maker! Easy to manage/rent, income producer in the heart of the Marmalade district. Walking distance to downtown SLC, public transportation and many other amenities. Great freeway access. All four 1 bed/1 bath units (2 up 2 down) have the same layout and various levels of upgrades. All units have their own furnace, water heater, washer/dryer, full baths, and double paned windows. Full roof replacement in Aug '24. Lower level units are "garden" level with full sized windows and abundant natural light in every room. Separately metered with each unit having their own gas and electric bill.268 A is month to month at $1250/month. 268 B is month to month at $1150/month. 270 A is $975/month with a long term tenant who is moving out at the end of August. This unit will need some work. 270 B tenant just moved out, was at $1175/month ($1125/month base + $50/month pet fee). This unit is currently vacant and available to view. Seller financing will be considered with the following terms: 1) Full price offer. 2) ~50% down payment. 3) 5.5% interest only years 1-2, 7% years 3-5. Please see attached documents including recent survey. Owner recently sold part of this parcel to the neighbor and terminated legacy parking easement/lease which had been tied to the property.

Property Features

Heating

Forced Air,Gas: Central

Flooring

Carpet,Tile

Interior Features

Disposal,Range/Oven: Free Stdng.,Dishwasher: Built-In

Exterior Features

Double Pane Windows

Unit Breakdown

Type 1

1 bed · 1 bath · Square Feet: 567

$1,250/mo

Type 2

1 bed · 1 bath · Square Feet: 567

$975/mo

Type 3

1 bed · 1 bath · Square Feet: 567

$1,150/mo

Type 4

1 bed · 1 bath · Square Feet: 567

$1,175/mo

Total Actual Rent(4 units)

$4,550/mo

Location

Estimated Monthly Payment

$4,293/mo

Down Payment$150,000 (20%)

Principal & Interest$3,804

Property Tax$348/mo

Insurance (est.)$141/mo

Est. Total$4,293/mo

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

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MLS# 2180315• Tax ID: 08-25-456-031

Courtesy of Richard Huntsman, Paras Real Estate · 801-913-5238 · richhuntsman@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.