$500,000
$529,900
5.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,560 SqFt
SOLD DATE : 08/23/2023
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $320
Subdivision Peterson Tract Revis
MLS Listing ID 1882071
Sold Date 08/23/23
Style Side By Side
Bedrooms 4
Construction Status Blt./Standing
HOA Y/N No
Year Built 1968
Annual Tax Amount $1,876
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 0.0x0.0x0.0
Property Description
True story from your friendly Realtor... the first property I ever bought was a wonky old triplex in South Salt Lake. It wasn't what I was expecting to buy (I was looking for a single family home) but when I came across this interesting opportunity, a lightbulb went off. I moved into one of the units and rented out the other two. A couple of years later I bought myself a wee little bungalow in Holladay and rented out the 3rd unit of my triplex... and whammo, this was the beginnings of prosperity and financial freedom. I would long credit that old triplex as the smartest purchase I ever made. In completely unrelated news... NEW ON THE MARKET IS THIS DARLING OREM DUPLEX! The owner has recently vacated one side and left it empty just in case you wanted to move yourself right on in. The other side is currently rented for $1300/month with a lease in place through July 31st. Each unit has its own large private fenced backyard. The owners side also includes a carport and an absolutely massive shed... big enough to hold secret club meetings, dance parties, or if you want to be boring... a few bikes, camping gear, tools, and a lawn mower. Did I mention all the updates? Recent upgrades include: new roof in 2020, and even more recently, all new plex water lines throughout, new kitchens, new bathrooms, and beautiful new flooring. Unit #365 also has a brand new A/C and furnace, and the other side has been recently inspected and serviced. *Listing photos are from vacant side #365. The occupied side is nearly identical, only with wood laminate flooring throughout (no carpeted bedrooms). Vacant side is super easy to see. Occupied side can be toured after an accepted offer.
Location
State UT
County Utah
Area Pl Grove; Lindon; Orem
Zoning Single-Family
Interior
Flooring Carpet, Laminate
Fireplace false
Exterior
Carport Spaces 1
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter
Total Parking Spaces 4
Private Pool false
Building
Lot Description Curb & Gutter
Sewer Sewer: Connected
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Geneva
Middle Schools Orem
High Schools Orem
School District Alpine
Others
Senior Community No
Tax ID 49-045-0012
Acceptable Financing Cash, Conventional, FHA, VA Loan
Horse Property No
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Bought with Century 21 Everest