$505,000
$519,990
2.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,906 SqFt
SOLD DATE : 08/07/2024
Key Details
Sold Price $505,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,906 sqft
Price per Sqft $264
Subdivision Fremont Heights
MLS Listing ID 2000435
Sold Date 08/07/24
Style Bungalow/Cottage
Bedrooms 4
Full Baths 1
Three Quarter Bath 1
Construction Status Blt./Standing
HOA Y/N No
Abv Grd Liv Area 1,306
Year Built 1911
Annual Tax Amount $940
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 0.0x0.0x0.0
Property Description
Welcome to your next lucrative investment opportunity in the sought-after 9th and 9th district! This property is not just a home, but a potential income generator. The finished basement studio apartment with a private entrance presents a prime opportunity for additional subsidized income, ($750 a month) catering to the high demand from university students in the area. With an impressive occupancy rate, this property promises steady cash flow for savvy investors or owner occupied options while renting the studio. The property includes two spacious sheds for storage and a washer and dryer included. Upstairs, the large bedroom with its own AC unit ensures tenant comfort. (Currently renting at $1650 a month on a month to month contract) Buyer is advised to obtain independent measurements. **Motivated Seller** Seller to pay 3% towards buyers pre-paid, closing costs, and/or rate buy down. (Buyers to verify all. PLEASE PROVIDE 24HRS NOTICE for showings)
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Single-Family
Rooms
Basement Entrance, Shelf, Walk-Out Access
Main Level Bedrooms 2
Interior
Interior Features Basement Apartment, Disposal, Kitchen: Second, Mother-in-Law Apt., Range/Oven: Free Stdng.
Heating Electric, Forced Air
Cooling Central Air
Flooring Carpet, Hardwood, Tile
Fireplace false
Window Features None
Appliance Dryer, Refrigerator, Washer
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Basement Entrance, Double Pane Windows, Walkout
Utilities Available Sewer Connected, Sewer: Public
Waterfront No
View Y/N No
Roof Type Asphalt
Present Use Single Family
Topography Curb & Gutter, Fenced: Part
Private Pool false
Building
Lot Description Curb & Gutter, Fenced: Part
Story 3
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Aluminum
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Emerson
Middle Schools Bryant
High Schools East
School District Salt Lake
Others
Senior Community No
Tax ID 16-08-251-008
Ownership Agent Owned
Acceptable Financing Cash, Conventional, FHA
Horse Property No
Listing Terms Cash, Conventional, FHA
Financing Conventional
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Bought with Equity Real Estate (Advantage)