Property
Beds
11
Full Baths
None
1/2 Baths
None
Year Built
1935
Sq.Footage
5,989
Fabulous U of U and downtown multi-unit rental and/or group home facility with new paint and carpet! Fabulous value with room to increase rents throughout! Current rent rates are low and have not been raised in years! This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are currently in place. The property is licensed and used for multi-unit rentals that allow apartment and single-room tenants up to 10 Doors. There is one 2-Bedroom, one-bath and a 1-Bedroom, one-bath apartment on the main floor. There are 8 single room rentals on the second floor that share a common kitchen area and 2 1/2 full baths. This property is perfect "As Is" or can be developed into an Airbnb, Hostel Group Home, or Apartments. The boiler is only a couple of years old, is 90%+ efficient, and represents a $30,000 investment. The roof is also in excellent condition, providing additional peace of mind for the buyer.
Features & Amenities
Interior
-
Total Bedrooms
11
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Hot Water, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
5
-
Construction Materials
Stucco
-
Other Exterior Features
Lighting
-
Parking
Detached
-
Pool
No
-
Waterfront YN
NO
-
View
Mountain(s)
Area & Lot
-
Lot Features
Secluded, Private
-
Lot Size(acres)
0.22
-
Lot Size(square feet)
9,583
-
Property Type
Residential
-
Property Sub Type
Multi Family
-
Architectural Style
Stories: 2
Price
-
Sales Price
$855,000
-
Tax Amount
$4,500
-
Zoning
MR GRM
-
Sq. Footage
5,989
-
Price/SqFt
$142
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
Salt Lake
-
Middle School
Bryant
-
High School
East
Property Features
-
New Construction
NO
-
Accessibility Features
Accessible Doors
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Salt Lake
Elementary School
Salt Lake
Middle School
Bryant
High School
East
Listing Courtesy of Terry Cononelos, Masters Utah Real Estate
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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