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692 W Confluence Ave, Salt Lake City, UT 84123
$1,400,000
692 W Confluence Ave, Salt Lake City, UT 84123View this property at 692 W Confluence Ave, Salt Lake City, UT 84123
692 W Confluence AveSalt Lake CityUT84123
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Property Description
Property Highlights: Investment Sale Total: 6,200 SF - Purchase Price: $1.4M - Lease Rate: Contact listing agent(s) Floors: two (2) Built 2006 Tenant: Luxor Reptiles (Heatseeker Reptiles) LED: April 30, 2026 Renewal option: tenant has one (1) five (5) year renewal option at FMV Annual increases: 3% annual increases Investment Highlights: - Gross Revenue $89,342 - HOA Fees $12,657 - Property Taxes $9,243.38 - Insurance $2,031 - Reserve $2,432.59 - Net Operating Income $62,978 - Cap Rate 4.49%
Full Property Details
Full Property Details for 692 W Confluence Ave
General
- Price: $1,400,000
- Taxes: $9,243
- Status: Active
- Type: Industrial
- MLS ID: 1974839
- Updated: 3/18/2024
- Added to Site: 139 day(s) ago
Interior
- Interior Features: See Remarks
- Flooring: See Remarks
Exterior
- Exterior Features: See Remarks
Location
- Area: Murray; Taylorsvl; Midvale
- County: Salt Lake
- Subdivision: CONFLUENCE PLACE CON
- Cross Streets: 4300
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Utility Description: See Remarks
Structural Information
- Roof: See Remarks
- Windows: See Remarks
- Disability Access: See Remarks
- Current Bldg. Use: Industrial
- Year Built: 2006
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 871.2
- Lot Size: .02
- Zoning: M-G
Horse Property
- Horse Property: Yes
Financial Considerations
- Lease Price: $1
- Tax Amount: $9,243
- Terms: See Remarks
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Exclusions: See Remarks
- Inclusions: See Remarks
- Property ID: 21-01-156-029
Listed by Newmark
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Schools
Schools serving 692 W Confluence Ave
School District:Murray City School District
Rating | Name | Grades | Distance |
---|---|---|---|
5180 S Glendon St, Murray, UT 84123 | K-6 | 1.4 mi | |
126 E 5300 S, Murray, UT 84107 | 7-9 | 2 mi | |
5440 S State St, Murray, UT 84107 | 10-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 692 W Confluence Ave
Date
Details
Price
Change
Source
1/10/2024
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 692 W Confluence Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$158
-96%
$522,900
8%
2022
$4,410
7%
$483,500
21%
2021
$4,129
2%
$398,800
8%
2020
$4,061
5%
$370,900
8%
2019
$3,883
19%
$342,600
—
2017
$3,267
—
$344,100
16%
2017
$3,267
36%
$295,900
41%
2016
$2,398
-7%
$209,600
2%
2015
$2,588
-11%
$205,500
-7%
2013
$2,902
—
$219,800
-1%
2013
$2,902
—
$221,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 692 W Confluence Ave
692 W Confluence Ave, Salt Lake City, UT 84123 (MLS# 1974839) is a Industrial property. 692 W Confluence Ave is currently listed for $1,400,000 and was received on January 10, 2024. Want to learn more about 692 W Confluence Ave? Do you have questions about finding other Industrial real estate for sale in Salt Lake City? You can browse all Salt Lake City real estate or contact a Coldwell Banker agent to request more information.