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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,298 sqft
Price per Sqft $206
MLS Listing ID 1690166
Sold Date 11/13/20
Style Side By Side
Bedrooms 4
Construction Status Blt./Standing
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,371
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 58.0x104.0x58.0
Property Sub-Type Duplex
Property Description
Buyer walked, back on market! Jump on this opportunity to buy a great potential cash-flowing rental that can pencil at over a 7+ CAP rate. This is the perfect "house hack". Use purely as an investment and get great potential cash flow or buy and live in owner-occupied and potentially live for free as the cash flow can pay your mortgage if you live in the basement unit and put at least 10% down. This is a legal duplex with a mother-in-law basement unit. Unit 1: 2 bed, 1 bath, 716 sq ft, Rent: $1,200. Unit 2: 1 bed, 1 bath, 716 sq ft, Rent: $1,100. Mother-In-Law Unit: 1 bed, 1 bath, 500 sq ft, Rent: $700. Gross Potential Rents could be $3,000. 2 car garage. There is a shared laundry area in the basement. Potential upside in cash flow by charging for garage parking ($20/mon), basement storage units ($20/mon), and laundry rental fee ($20/mon). Rents did not include utilities besides water, sewer, and garbage. All units were recently updated and are now rent ready. Newer paint, new vinyl flooring in basement, hardwood in great condition, hard surface durable counters, updated electrical and HVAC/water heaters were updated in 2012. Jump on this great deal as it won't last long as one of the highest potential cap rate sales in a long time.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Multi-Family
Interior
Interior Features Basement Apartment, Floor Drains, Kitchen: Second, Range/Oven: Free Stdng., Dishwasher: Built-In
Heating Forced Air, Gas: Central
Flooring Hardwood, Linoleum, Tile, Vinyl
Equipment Window Coverings
Fireplace false
Window Features Blinds
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Awning(s), Basement Entrance, Double Pane Windows, Patio: Covered, Secured Parking
Garage Spaces 2.0
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat
Porch Covered
Total Parking Spaces 4
Private Pool false
Building
Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full
Faces West
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Woodrow Wilson
Middle Schools Granite Park
High Schools Cottonwood
School District Granite
Others
Senior Community No
Tax ID 16-19-129-007
Acceptable Financing Cash, Conventional, FHA, VA Loan
Horse Property No
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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