3135 S 200 E photo 1
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Quadruplex
Active
121Days on Market

$1,200,000

$361/sqft+2.6%/yrHome values in the 84115 zip code have grown an average of 2.6% per year over the last 5 years.
Seller FinancingMountain View

Price history — protected

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About This Property

I'm interested

Don't miss this rare chance to acquire a true legal conforming 4-plex with assumable seller financing at 5.5%. All four units are 2BD/1BA at 832 sq ft each, generating $6,135/month in gross rental income. The seller financing is an all-inclusive trust deed on an existing note amortized over 30 years with a balloon due October 31, 2030 - a qualified buyer with approximately $428,000 down steps directly into the note and locks in below-market financing on day one. The property has been comprehensively updated in the last three years: new roof, new furnaces and A/C units, brand new kitchens with granite countertops and soft-close cabinetry, new appliances and washer/dryers in every unit, new tile bathrooms, new electrical panels, and a full french drain. All four units have separate gas and electric meters, covered carport parking, and full laundry hookups. There is zero deferred maintenance and no capital improvements on the horizon - just clean, stable cash flow in a strong Salt Lake rental market. Always full occupancy. DO NOT DISTURB TENANTS. Make offers subject to inspection. Call listing agent prior to writing offer. Square footage per appraiser measurement - buyer to verify all information.

Property Features

Heating

Forced Air,Gas: Central

Flooring

Carpet,Laminate

Laundry

Electric Dryer Hookup

Interior Features

Disposal,Kitchen: Updated,Range/Oven: Free Stdng.

Exterior Features

Double Pane Windows,Entry (Foyer),Lighting,Secured Building

Parking

Covered

Unit Breakdown

Type 1×4

2 bed · 1 bath · Square Feet: 832

$1,575/mo each

= $6,300/mo

Type 2×4

2 bed · 1 bath · Square Feet: 832

$1,500/mo each

= $6,000/mo

Type 3×4

2 bed · 1 bath · Square Feet: 832

$1,560/mo each

= $6,240/mo

Type 4×4

2 bed · 1 bath · Square Feet: 832

$1,500/mo each

= $6,000/mo

Total Actual Rent(16 units)

$24,540/mo

Location

Estimated Monthly Payment

$6,874/mo

Down Payment$240,000 (20%)
Principal & Interest$6,086
Property Tax$563/mo
Insurance (est.)$225/mo
Est. Total$6,874/mo

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

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MLS# 2153631• Tax ID: 16-30-326-007

Courtesy of Joe Pierson, Real Broker, LLC · joe@joepiersongroup.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.

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Estimated Monthly Payment

$6,874/mo

Down Payment$240,000 (20%)
Principal & Interest$6,086
Property Tax$563/mo
Insurance (est.)$225/mo
Est. Total$6,874/mo

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

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2153631• Tax ID: 16-30-326-007

Courtesy of Joe Pierson, Real Broker, LLC · joe@joepiersongroup.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.

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Elementary

Lincoln

Middle School

Granite Park

High School

Cottonwood

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