Layton, UT 84041,1463 W 1650 N
Layton, UT 84041,1463 W 1650 N
Layton, UT 84041,1463 W 1650 N
Layton, UT 84041,1463 W 1650 N
Layton, UT 84041,1463 W 1650 N
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$706,000

$775,000

8.9%
Est.Price: ?

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Est. payment /mo

8 Beds

4 Baths

3,660 SqFt


SOLD DATE : 08/15/2024

Key Details

Sold Price $706,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,660 sqft

Price per Sqft $192

MLS Listing ID 2007382

Sold Date 08/15/24

Style Stories: 2

Bedrooms 8

Construction Status Blt./Standing

HOA Y/N No

Year Built 1978

Annual Tax Amount $3,573

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 0.0x0.0x0.0

Property Description

***Do Not Disturb Tenants*** 1463 W 1650 N is a well-located fourplex in the city of Layton, just minutes from Main St and I-15. This 3,660 SF property, built in 1978, offers significant value-add potential. It consists of four 2BD/1BA units, each roughly 915 SF. The property has a newer roof, installed two years ago, and includes 4 covered parking stalls and four storage units in the rear .All the units have long-term tenants on month-to-month leases, and because the tenants have been at the property for a long time, the rents are well below market. The average rent is $1,019/month, while similar units in the area average $1,353, with top 2BD/1BA units exceeding $1,500. Therefore, there is a substantial value-add opportunity by bringing rents to market levels. An investor can also charge for utility reimbursement, storage, and parking.1463 W 1650 N is conveniently located near many retail destinations, including Layton Hills Mall, Hobby Lobby, Lowe's, Target, and Planet Fitness. The popular Lagoon Amusement Park is about 15 minutes south of the property. Layton offers numerous family-friendly recreational activities, including 14 city parks, 6 trails, and 3 reservoirs. This property is ideal for an investor looking to capitalize on a value-add opportunity with below-market rents and long-term tenants.

Location

State UT

County Davis

Area Kaysville; Fruit Heights; Layton

Interior

Fireplace false

Exterior

View Y/N No

Present Use Residential

Private Pool false

Building

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Lincoln

Middle Schools North Layton

High Schools Layton

School District Davis

Others

Senior Community No

Tax ID 10-057-0026

Horse Property No

Financing Conventional

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Listed by Pathway Properties, LLC
Bought with NON-MLS
agent-avatar

+1(801) 259-5565

ccpollock@outlook.com

5965 S 900 E STE 150, Murray, Utah, 84121, United States

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