**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants.… Read More Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent. Read Less
Courtesy of Joseph Mills, Investment Realty Advisors LLC 435-485-7070
Listing Snapshot
Days Online
85
Last Updated
Property Type
> 4 Units
Beds
16
Square Ft.
9,563
Lot Size
0.27 Acres
Year Built
1973
MLS Number
2071896
Additional Details
Building
Architectural Style: Stories: 3, Building Area Total: 9563, Construction Materials: Brick, Living Area: 9563, Living Area Units: Square Feet, Year Built: 1973