$780,000
$799,999
2.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,200 SqFt
SOLD DATE : 12/15/2023
Key Details
Sold Price $780,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $243
Subdivision Deseret
MLS Listing ID 1891998
Sold Date 12/15/23
Style Side By Side
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1961
Annual Tax Amount $4,536
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 0.0x0.0x0.0
Property Description
DO NOT DISTRUB TENANTS Welcome to this classic all-brick traditional 4-plex, strategically located close to shopping, transit, and a thriving community. This property presents a unique opportunity for both owner-occupiers and savvy investors alike. With tremendous potential for improvement, this four-unit gem can be your canvas for future investment success. For those looking to reside on the property, this fourplex offers an ideal arrangement. You can live in one unit while gradually renovating the others as they become vacant. This allows you to tailor each unit to your preferences and needs, all while benefiting from rental income. Investors will appreciate the significant upside potential this property offers. The current rental rates are below market value, allowing for substantial rent increases. With a strategic approach to improvements, you can maximize your returns by upgrading a few units at a time while maintaining a steady rental income from the others. Please note that the current tenants are in place, and their privacy and comfort must be respected. Do not disturb the tenants. One unit can be arranged for a showing, but it's crucial to maintain discretion, as the residents are unaware of the sale. Kindly refrain from knocking or disturbing them during your visit. Buyer is responsible for verifying all property information, including square footage, income potential, and any other relevant details. We are here to provide you with the necessary resources to make an informed decision. Don't miss this opportunity to own a fourplex with fantastic potential in a prime location. Whether you're an aspiring owner-occupier or a seasoned investor, this property offers a solid foundation for your real estate aspirations.
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Multi-Family
Interior
Interior Features Range/Oven: Free Stdng.
Heating Gas: Central
Fireplace false
Window Features Full
Laundry Electric Dryer Hookup
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Total Parking Spaces 6
Private Pool false
Building
Faces West
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick,Cinder Block
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Pioneer
Middle Schools West Lake
High Schools Granger
School District Granite
Others
Senior Community No
Tax ID 15-32-278-005
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 Infinite Real Estate, Inc