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Key Details
Sold Price $840,000
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 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
Waterfront No
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Fenced: Full, Sidewalks, Sprinkler: Auto-Full
Parking Type Rv Parking
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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Bought with KW Salt Lake City Keller Williams Real Estate (SLC)
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