Washington Terrace, UT 84405,270 E 5100 S
Washington Terrace, UT 84405,270 E 5100 S
Washington Terrace, UT 84405,270 E 5100 S
$829,900
Est. payment /mo
Est.Price: ?

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7 Beds
4 Baths
5,200 SqFt
SOLD DATE : 03/17/2022

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $161

Subdivision U S Survey

MLS Listing ID 1792630

Sold Date 03/17/22

Style Side By Side

Bedrooms 7

Construction Status Blt./Standing

HOA Y/N No

Year Built 1975

Annual Tax Amount $3,711

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 150.0x0.0x0.0

Property Sub-Type Duplex

Property Description

Back on the market. Once in a lifetime opportunity to buy an extremely profitable real estate rental business. This is not a typical duplex; it is a gorgeously remodeled, nightly rental business that cash flows an average of $5,500 over the last 12 months ($3,900 a month from nightly rentals and $1,625 from the long-term tenants with a corporate lease). With a gross operating income of $66,000 a year, at a 30% expense ratio, this property offers a 5.1% cap rate! If you want to invest in real estate and buy a successful business at the same time, this property is for you! This legal nightly rental boasts a 5-star VRBO rating, a newer roof (2015) and water heaters (2016 and 2020), a fully fenced yard-includes mature fruit and walnut trees, a basketball court, oversized 4-car garage which could be rented separately for RV or boat storage-increasing your already amazing cashflow. Nestled in a quiet neighborhood, this energy efficient property is close to nearby universities, business centers, ski resorts, and outdoor activities; providing your guests with a luxurious, comfortable and refined experience.

Location

State UT

County Weber

Area Ogdn; W Hvn; Ter; Rvrdl

Zoning Multi-Family, Short Term Rental Allowed

Rooms

Other Rooms Workshop

Interior

Heating Forced Air

Flooring Carpet, Tile

Equipment Basketball Standard

Fireplace false

Window Features Blinds,Plantation Shutters

Exterior

Exterior Feature Deck; Covered, Double Pane Windows, Walkout

Garage Spaces 4.0

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: Full, Sidewalks, Sprinkler: Auto-Full

Total Parking Spaces 8

Private Pool false

Building

Lot Description Curb & Gutter, Fenced: Full, Sidewalks, Sprinkler: Auto-Full

Faces South

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Roosevelt

Middle Schools T. H. Bell

High Schools Bonneville

School District Weber

Others

Senior Community No

Tax ID 07-061-0042

Acceptable Financing Cash, Conventional, FHA, VA Loan

Horse Property No

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Conventional

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Listed by Ask Andrew Real Estate
Bought with KW Salt Lake City Keller Williams Real Estate (SLC)

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