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> 4 Units

Active

51Days on Market

$2,200,000

$236/sqft+2.0%/yrHome values in the 84102 zip code have grown an average of 2.0% per year over the last 5 years.

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About This Property

I'm interested

JUST STEPS to the University of Utah in this highly desirable location, Near Multiple Hospitals & TRAX transit to Downtown Salt Lake City ideal for students, urban professional plus others. 8 Unique Apartments in 2 buildings. Extremely Well Maintained, brimming with timeless charm, offering a smart investment potential of both location & consistent HIGH tenant demand. Comfortable floor plans; 1, 2 & 3 bedroom apartments-above average sized units. 13 Off-street parking spaces, Updates include: newer roof, newer double pane windows, newer appliances & countertops, main water line to street replaced. Onsite coin-op laundry providing additional income. Current Rents are below market, GREAT POTENTIAL to increase income. All information is deemed reliable, but not guaranteed. Buyer responsible to verify all listing information to Buyers satisfaction including Square footage obtained from SL County Record & provided as a courtesy estimate.

Property Features

Heating

Electric,Gas: Central,Wall Furnace

Flooring

Carpet,Tile

Interior Features

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

Exterior Features

Double Pane Windows,Out Buildings,Storm Doors,Walkout,Patio: Open

Parking

Parking: Uncovered

Unit Breakdown

Type 1

2 bed · 1 bath · Square Feet: 935

$1,400/mo

Type 2

2 bed · 1 bath · Square Feet: 850

$1,425/mo

Type 3

1 bed · 1 bath · Square Feet: 675

$1,200/mo

Type 4

2 bed · 1 bath · Square Feet: 880

$1,400/mo

Type 5

2 bed · 1 bath · Square Feet: 710

$1,300/mo

Type 6

3 bed · 2 bath · Square Feet: 1100

$1,800/mo

Type 7

2 bed · 2 bath · Square Feet: 1400

$1,750/mo

Type 8

1 bed · 1 bath · Square Feet: 450

$1,000/mo

Total Actual Rent(8 units)

$11,275/mo

Location

Estimated Monthly Payment

$12,369/mo

Down Payment$440,000 (20%)

Principal & Interest$11,158

Property Tax$798/mo

Insurance (est.)$413/mo

Est. Total$12,369/mo

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

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MLS# 2169802• Tax ID: 16-05-432-009

Courtesy of Susan S Davis, Coldwell Banker Realty (Salt Lake-Sugar House) · 801-809-9555 · susan.d@cbrealty.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.