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Duplex

$44,000 reduction

Active

39Days on Market

$675,000

$247/sqft+2.9%/yrHome values in the 84106 zip code have grown an average of 2.9% per year over the last 5 years.

$719,000↓$44,000 (6%)Aug 17

Mother-in-Law Suite2nd KitchenSeller FinancingMountain View

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About This Property

INVESTOR SPECIAL APPROVED FOR 4 TOWNHOMES! Exceptional Salt Lake City investment opportunity with 4 townhomes in talks to be approved, with potential to increase to 6 units with additional Salt Lake City approval. The property is currently rented, providing immediate income while offering significant future redevelopment upside. The existing property features multiple bedrooms, a private studio with its own kitchen, shared laundry, updated flooring and paint, newer roof (2019), and an attached one-car garage. A recent full appraisal valued the property at $770,000. Whether you hold for rental income or take advantage of the approved townhome development opportunity, this property offers excellent flexibility and upside in a high-demand Salt Lake City location near downtown, shopping, dining, transit, and major freeway access. Approved for 4 townhomes | Potential for 6 | Currently Rented | $770K Appraisal | Strong Development Potential Seller financing and/or interest-rate buy-down contribution may be available with an acceptable offer.

Property Features

Heating

Gas: Central

Flooring

Carpet,Tile

Interior Features

Disposal,Kitchen: Second,Kitchen: Updated,Mother-in-Law Apt.,Range/Oven: Free Stdng.,Dishwasher: Built-In

Exterior Features

Awning(s),Deck; Covered,Double Pane Windows,Lighting,Patio: Covered

Parking

Covered,Parking: Uncovered

Unit Breakdown

Type 1

7 bed · 2 bath · Square Feet: 2380

$3,500/mo

Type 2

1 bed · 1 bath · Square Feet: 550

$999/mo

Total Actual Rent(2 units)

$4,499/mo

Location

Estimated Monthly Payment

$3,833/mo

Down Payment$135,000 (20%)

Principal & Interest$3,423

Property Tax$283/mo

Insurance (est.)$127/mo

Est. Total$3,833/mo

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

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MLS# 2172882• Tax ID: 16-20-381-010

Courtesy of Justin Moody, Utah's Wise Choice Real Estate · 801-403-8169 · myhomejustin@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.