474 N 1300 W Salt Lake City, UT 84116

There is constant growing demand for safe and affordable housing in Salt Lake City and this cash-flowing 4-plex fills that need. This property has been through a series of renovations over the last few years including custom tile in the kitchens and baths and a new TPO rubber membrane flat roof in the last few years. The property is a perfect set up for this use and includes a BBQ patio area, storage sheds, off-street parking, fully fenced lot and automatic sprinklers. The 2 bed 1 bath units are spacious and include laundry hookups. The two top units are fully leased with great tenants and in really good shape. The two bottom units are currently vacant and ready for renovation and occupancy. Pro-forma figures to fully renovate the bottom two units are $6,500 each based on a recent estimate from a trusted general contractor. The pro-forma rents for these two units post remodel will be $1,200-$1,300 per month. This is a rare residential rental investment opportunity or occupy one unit and pay the mortgage with the other three rental incomes. Professional property management services are currently in place.