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Key Details
Sold Price $1,135,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,768 sqft
Price per Sqft $238
Subdivision Westland
MLS Listing ID 1820165
Sold Date 08/01/22
Style Stories: 3
Bedrooms 12
Construction Status Blt./Standing
HOA Y/N No
Year Built 1982
Annual Tax Amount $4,246
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 0.0x0.0x0.0
Property Description
Very rare and profitable 3 Bed/1.5 bath units with 1,200 sq. ft each. 3 Units complete remodel from top to bottom, and 1 Unit updated 4 years ago. Over $115k spent remodeling within the past 12, including: kitchen cabinets & appliances, vanities, complete tear-off new roof, all 4 units have new A/C, all new plumbing and electrical fixtures, water heater, paint, carpet, LVT flooring, tub surrounds, quartz countertops, and so much more. Lots of parking - 2 covered and 1 open for each unity. Would make a great owner-occupied rental property. Current rents are $1,395, $1,475, $1,250, and $1,295, for total current monthly rents of $5,415 - and growing quickly. Market rent is $1,650/mo. There are 3 annual leases and 1 month-to-month in place. Monthly Gross Rent Multiplier (GRM) and Cap Rate are very attractive! DO NOT KNOCK ON DOORS OR DISTURB TENANTS - NO SIGN IS IN THE YARD. Full inspection made available upon accepted offer. Owner/Agent.
Location
State UT
County Davis
Area Hooper; Roy
Zoning Multi-Family
Interior
Interior Features Closet: Walk-In, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Vaulted Ceilings, Dishwasher: Built-In
Heating Forced Air, Gas: Central
Flooring Carpet, Laminate, Tile
Equipment Storage Shed(s), Window Coverings
Fireplace false
Window Features Blinds,Full
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Double Pane Windows, Lighting, Skylights, Sliding Glass Doors, Patio: Open
Carport Spaces 8
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Waterfront No
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
Porch Patio: Open
Parking Type Covered, Parking: Uncovered
Total Parking Spaces 20
Private Pool false
Building
Lot Description Curb & Gutter, Sidewalks, Sprinkler: Auto-Full, View: Mountain
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Aluminum,Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Holt
Middle Schools West Point
High Schools Syracuse
School District Davis
Others
Senior Community No
Tax ID 12-027-0006
Ownership Agent Owned
Acceptable Financing Cash, Conventional, FHA
Horse Property No
Listing Terms Cash, Conventional, FHA
Financing Conventional
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