$2,500,000

1162 E 400 S , Salt Lake City, UT 84102

 
Bedrooms:16 beds
Bathrooms:0 baths
Residential:9,563 sqft
Lot:0.27
Year Built:1973
Listing Status:Active

Listing Agent

Joseph Mills
http://www.irautah.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.

Detailed Items

Other Information

1162 E 400 S, Salt Lake City, UT, 84102 is a residential listing of 9,563 sqft on a lot of 0.27. This residential listing has 16 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1162 E 400 S, Salt Lake City, UT
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