Property Facts
An incredible investment opportunity in the heart of Salt Lake City! The current loan on the property is assumable at 4.67%! The 13 unit property sits on 0.26 acres and has 100% occupancy year-round. The neighborhood is incredibly diverse and is within short walking distance to downtown, restaurants, shops, and a Trax station. In current rental agreements, the tenant pays power and gas utilities; the owner pays water, sewer, trash, and internet utilities. Yearly costs are listed above. There are 5 parking spaces included and the owner has had tenants pay $100 extra per month for a parking spot. Extra rent is also charged for pets. Roof deicers are installed to melt the snow during the winter. There is a maintenance shed for the property in the back parking area. This property is fully landscaped and was designed to be very low maintenance. Current rents have been kept on the low-end, and are very competitive in this market. Each unit was designed with separate utilities, and can be easily converted to townhomes in the future. With the Olympics coming back to Salt Lake, this is the perfect time to jump at this opportunity!
Property Features
Interior Features
Exterior Features
Other Features
Included in Transaction
Totals
Unit Configuration 1
| Total Number Values | Air Conditioning | |||
|---|---|---|---|---|
| Number of Units: 13 | Deck: 0 | Patio: 1 | Gas: 0 | Elec: 0 |
| Furnished: 0 | Unfurnished: 0 | Gas Meters: 1 | Elec (win): 0 | Evap: 0 |
| Elec Meters: 1 | Disposals: 1 | Dishwashers: 1 | Evap (win): 0 | Pump: 0 |
| Oven-Ranges: 1 | Refrigerators: 1 | Solar: 0 | ||
Per Unit Values
| Lvl | Approx Sq Ft |
Bed Rms |
Bath | Fam | Den | Formal Living Rm |
Kitchen Dining |
Laundry | Fireplace | |||||
| F | ¾ | ½ | K | B | F | S | ||||||||
| 3+ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 484 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| 1 | 484 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tot | 968 | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 |
| Current Rent: $1,475.00 Monthly | Covered Parking: 0 | Uncovered Parking: 0 | Storage Units: 0 |
|---|
Zoning Information
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| Horizonte Instr & Trn Center Public Middle School, High School |
7-12 | 0.56 mi | |
| Liberty School Public Preschool, Elementary |
PK | 0.79 mi | |
| Miss Billies Kids Kampus Private Preschool, Elementary |
PK-K | 0.23 mi | |
| Salt Lake Arts Academy Charter Elementary, Middle School |
5-8 | 0.68 mi | |
| Challenger School-Salt Lake Private Preschool, Elementary, Middle School |
PK | 0.68 mi | |
| Challenger School - Salt Lake Private Preschool, Elementary, Middle School |
PK | 0.70 mi | |
| K12 International Academy Private Elementary, Middle School, High School |
K-12 | 1.01 mi | |
| The Keystone School Private Middle School, High School |
6-12 | 1.01 mi | |
| Salt Lake Technology Center Public High School |
9-12 | 1.12 mi | |
| Riley School Public Preschool, Elementary |
PK | 1.14 mi | |
| Innovations K-8 Public Elementary, Middle School |
K-8 | 1.16 mi | |
| Innovations High School Public High School |
9-12 | 1.18 mi | |
| Whittier School Public Preschool, Elementary |
PK | 1.24 mi | |
| Parkview School Public Preschool, Elementary |
PK | 1.45 mi | |
| Franklin School Public Preschool, Elementary |
PK | 1.60 mi |
School data provided by GreatSchools.
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Contact Agent
Joseph Ellis
801-823-1269Listing Broker
Flat Rate Homes
2901 W. Bluegrass Blvd.
STE 200-02
Lehi, UT 84043
801-441-7283