$932,000

275 W 500 N , Salt Lake City, UT 84103

 
Bedrooms:6 beds
Bathrooms:0 baths
Residential:3,557 sqft
Lot:0.12
Year Built:1906
Listing Status:Active

Listing Agent

Whitney Lyle
http://www.equity-usa.com/
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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!

Detailed Items

Other Information

275 W 500 N, Salt Lake City, UT, 84103 is a residential listing of 3,557 sqft on a lot of 0.12. This residential listing has 6 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property275 W 500 N, Salt Lake City, UT
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