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Key Details
Sold Price $805,000
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,068 sqft
Price per Sqft $132
Subdivision Liberty Park
MLS Listing ID 1345548
Sold Date 02/05/16
Style Stories: 3
Bedrooms 9
Construction Status Blt./Standing
HOA Y/N No
Year Built 1967
Annual Tax Amount $5,649
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 0.0x0.0x0.0
Property Description
Rare opportunity to own an apartment building to take advantage of the city's white-hot rental market. Fantastic central location across the street from Liberty Park and just four blocks to 9th & 9th and Trolley Square, with dozens of other neighborhood shops and restaurants within a five minute walk. This is the location that attracts renters willing to pay top dollar as soon you put a sign in the yard! Easy to manage size with 9 units total; 6 two bedroom units and 3 one bedrooms. Desirable brick construction built in 1967 with a newer roof and all electric heating / cooling on separate meters (no swamp coolers to worry about). Other selling features include laundry room, surveillance system, full landscaping with fenced yard, and plenty of off-street parking. Low rents provide an outstanding opportunity to add value and increase cash flow from day one, however this opportunity is priced at a better-than-market 5.7% cap rate. Call for more information.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Multi-Family
Interior
Interior Features Great Room, Range/Oven: Built-In
Heating Electric
Flooring Carpet, Linoleum
Fireplace false
Window Features See Remarks
Exterior
Exterior Feature See Remarks, Balcony, Lighting
Utilities Available See Remarks, Natural Gas Available, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Waterfront No
View Y/N No
Roof Type See Remarks,Asphalt,Rubber
Present Use Residential
Topography Fenced: Part, Sidewalks, Sprinkler: Auto-Part, Terrain, Flat
Total Parking Spaces 9
Private Pool false
Building
Lot Description Fenced: Part, Sidewalks, Sprinkler: Auto-Part
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick,Cedar
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Bennion (M Lynn)
Middle Schools Bryant
High Schools East
School District Salt Lake
Others
Senior Community No
Tax ID 16-07-253-030
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Cash
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Bought with Urban Utah Homes & Estates, LLC
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