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Quadruplex

Active

18Days on Market

$925,000

$401/sqft+1.6%/yrHome values in the 84111 zip code have grown an average of 1.6% per year over the last 5 years.

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About This Property

I'm interested

Remodeled 4-plex in Salt Lake's coolest new neighborhood, the Maven District. Tenants love living here with all the cool cafes, shops, restaurants, etc. Short walk to Liberty park, easy ride to the U with public transit. 2 units remodeled this year, the other two have been updated recently, but could also be remodeled and get rents up etc. Laundty in one unit but could be added to the others. Fenced in private yard is available for all tenants to share and enjoy. Tankless water heater ensures plenty of hot water for all tenants. Off-street parking, 1 per unit plus 3 guest spaces. Two leases are month to month, about to be re-signed and rents bumped. Please do not distrub tenants. Call for info and to schedule showings.

Property Features

Heating

Electric,Gas: Radiant,Wall Furnace

Flooring

Laminate,Tile

Interior Features

Disposal,Kitchen: Updated,Oven: Gas,Range: Gas,Dishwasher: Built-In

Exterior Features

Double Pane Windows,Porch: Open,Patio: Open

Parking

Parking: Uncovered

Unit Breakdown

Type 1

1 bed · 1 bath · Square Feet: 576

$1,070/mo

Type 2

1 bed · 1 bath · Square Feet: 576

$1,025/mo

Type 3

1 bed · 1 bath · Square Feet: 576

$1,400/mo

Type 4

1 bed · 1 bath · Square Feet: 576

$1,280/mo

Total Actual Rent(4 units)

$4,775/mo

Location

Estimated Monthly Payment

$5,130/mo

Down Payment$185,000 (20%)

Principal & Interest$4,691

Property Tax$266/mo

Insurance (est.)$173/mo

Est. Total$5,130/mo

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

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MLS# 2177610• Tax ID: 16-07-252-022

Courtesy of Chris L Browne, Salt Lake Improvement Initiative LLC · chris@cbcmgmt.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.