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Salt Lake City,UT 84103
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,557 sqft
Price per Sqft $262
MLS Listing ID 2078452
Style Up And Down
Bedrooms 6
Construction Status Blt./Standing
HOA Y/N No
Year Built 1906
Annual Tax Amount $3,987
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Triplex
Property Description
Three-unit property located in the heart of the Marmalade district, across the street from the library. It is in a prime location a few blocks from downtown, the freeway on-ramp, and the university. This re-emerging community lends to walkability with various points of interest such as The Delta Center, Ace Hardware, coffee shops, restaurants, and schools. The Marmalade Plaza redevelopment project, across the street, will be a great place for you or your tenants to walk dogs or a take a casual stroll. Close to the new 300 west walkable corridor that could boost property values in the area. With full tenant occupancy until June, this turnkey property can produce a profit, or the primary resident can offset mortgage payments with rent. Under new Fannie Mae guidelines, multi units only require X down payment. All units have their own washer and dryer. A new tankless water heater and generator as well as all electrical updated. Separate electrical box for top and bottom unit. The 1,100 sq. ft. garage is a key feature of the property. The garage has the option of subdividing for storage for each unit and increase rents. Or if the city will allow, a fourth unit could be constructed adding more rental income. Great opportunity to start your investment portfolio!
Location
State UT
County Salt Lake
Area Salt Lake City: Avenues Area
Zoning Multi-Family
Interior
Interior Features Basement Apartment,Closet: Walk-In,Disposal,Kitchen: Updated,Range/Oven: Built-In,Range/Oven: Free Stdng.,Granite Countertops,Dishwasher: Built-In
Heating Hot Water
Flooring Carpet,Hardwood,Tile
Inclusions Ceiling Fan, Dryer, Microwave, Range, Refrigerator, Washer
Fireplace No
Window Features Blinds,Drapes
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Basement Entrance,Bay Box Windows,Double Pane Windows,Lighting,Porch: Screened
Garage Spaces 4.0
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
View Y/N Yes
View Lake,Mountain(s)
Roof Type Asphalt
Present Use Residential
Topography Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, View: Lake, View: Mountain
Porch Screened
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot,Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,View: Lake,View: Mountain
Faces West
Sewer Sewer: Connected
Water Culinary
Structure Type Brick,Frame
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Washington
Middle Schools Bryant
High Schools West
School District Salt Lake
Others
Senior Community No
Tax ID 08-36-254-001
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan