$1,092,000
$969,500
12.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
3,960 SqFt
SOLD DATE : 09/07/2021
Key Details
Sold Price $1,092,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $275
Subdivision Big Field Sur
MLS Listing ID 1763514
Sold Date 09/07/21
Style Side By Side
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1979
Annual Tax Amount $3,979
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 0.0x0.0x0.0
Property Description
***MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST BY WEDNESDAY, AUG. 25 BY 1 pm. This one is the one! Right by Liberty Park and close to downtown and Sugarhouse. This property rents very quickly! ALL units have been updated in the last 3-4 years including: new carpet, new paint, new baseboard and trim, new appliances, new lights, updated bathrooms, etc. Exterior was updated and new sidewalk poured. New fence installed. New parking lot in the last couple of years. A/C units all installed 4 years ago. RENTS ARE LOW! Rents are from $1140 (long term month to month tenant that moved out during renovations and moved back in) to $1420. Raise all rents and increase cash flow with no extra work! Potential for $5600/month+ in rents! Tenants pay their own utilities. Owner pays water, sewer and garbage. Each unit is townhouse style with a little space backyard. End units should command even higher rents as they have a bigger back and side yard. All units are tenant occupied. No showings without an accepted offer. Agent related to seller. Seller will be doing a 1031 exchange.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Interior
Fireplace false
Window Features Blinds
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Waterfront No
View Y/N No
Present Use Residential
Private Pool false
Building
Sewer Sewer: Connected
Water Culinary
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Hawthorne
Middle Schools Clayton
High Schools East
School District Salt Lake
Others
Senior Community No
Tax ID 16-18-208-058
Horse Property No
Financing Cash
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Bought with Century 21 Harman Realty