Once in a lifetime opportunity to own 10 rental units right in the heart of SLC. WELL LOCATED 5 Duplex property with 1 duplex configured 1750 sqft 4bed/2bath and 4 duplexes configured 1250 soft 2/bed/1.5bath. Huge potential to raise rents. Zero deferred maintenance. Fully occupied. Owner has kept rents low to keep long term tenants. Rents include $50 per mon. lease signing and late payment collections that owner collects on an annual basis on top of rent. 5% Cap with 7.5% management fee factored in (see attachment for Cap Rate calculation). Recently repaved parking with 6" of asphalt instead of the 4" required and new curbing. Fully-remodeled, well maintained units offers probable growth levels of cash-flow and appreciation, with minimal foreseeable capital expenditures. Features: covered parking, central air, remodeled kitchens with new appliances, cabinets, and granite countertops.
Full Property Details
Full Property Details for 3678 S 500 E
MLS ID: 1615827
Added: 4 day(s) ago
Flooring: Carpet, Tile
Total Bathrooms: 16
Total Bedrooms: 24
Other Features: Leases: Yearly, Sep. Air Conditioning, Sep. Gas Meters, Sep. Power Meters, Sep. Water Heaters
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Listed by Berkshire Hathaway HomeServices Utah - Salt Lake
3678 S 500 E, Salt Lake City, UT 84106 (MLS# 1615827) is a
Multi-Family property with units containing 24 bedrooms and 0 full bathrooms.
3678 S 500 E is currently listed for $2,450,000 and was received on July 11, 2019.
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