$2,000,000
$2,200,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
12 Baths
6,889 SqFt
SOLD DATE : 07/21/2023
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,889 sqft
Price per Sqft $290
Subdivision Plat A Slc Sur
MLS Listing ID 1845016
Sold Date 07/21/23
Style Stories: 2
Bedrooms 11
Construction Status Blt./Standing
HOA Y/N No
Year Built 1952
Annual Tax Amount $10,869
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 0.0x0.0x0.0
Property Description
PRICE REDUCED $200,000! DO NOT DISTURB TENANTS! Previous Buyer financing fell through. Fabulous Investment Opportunity In The Marmalade District! This 12 Unit Complex Offers 11 One Bedroom, One Bathroom Units W/Laundry Hook-Ups & 1 Studio. Note- 9/12 units have laundry. New roof with warranty installed 2018, 2 new 100 gallon water heaters. Price Per Unit Is $200,000. Rents Are Currently Under Market. Information Provided Is Based On Proforma With A CAP Rate Of 4.3% Underwritten At 35%. Subject To 1031 Exchange. See Attached Documents For More Info. Reach out for potential assumable loan at 4.3%!! Buyer To Verify All Information* MAKE OFFERS SUBJECT TO INSPECTION
Location
State UT
County Salt Lake
Area Salt Lake City: Avenues Area
Zoning Multi-Family
Interior
Interior Features Basement Apartment, Bath: Sep. Tub/Shower, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
Heating Hot Water, Steam
Flooring Hardwood, Laminate
Equipment Window Coverings
Fireplace false
Window Features Blinds
Exterior
Exterior Feature Basement Entrance, Entry (Foyer), Lighting
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Corner Lot, Curb & Gutter, Fenced: Part, Sidewalks, Terrain, Flat, Drip Irrigation: Auto-Part
Total Parking Spaces 11
Private Pool false
Building
Lot Description Corner Lot, Curb & Gutter, Fenced: Part, Sidewalks, Drip Irrigation: Auto-Part
Faces North
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Wasatch
Middle Schools Bryant
High Schools West
School District Salt Lake
Others
Senior Community No
Tax ID 08-36-404-001
Acceptable Financing Cash, Conventional, Exchange
Horse Property No
Listing Terms Cash, Conventional, Exchange
Financing Conventional
Read Less Info
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Bought with HomeRiver Utah LLC