Three-unit property located in the heart of the Marmalade district, across the street from the library. It is in a prime location a few blocks from downtown, the freeway on-ramp, and the university. This re-emerging community lends to walkability with various points of interest such as The Delta Center, Ace… Read More Hardware, coffee shops, restaurants, and schools. The Marmalade Plaza redevelopment project, across the street, will be a great place for you or your tenants to walk dogs or a take a casual stroll. Close to the new 300 west walkable corridor that could boost property values in the area. With full tenant occupancy until June, this turnkey property can produce a profit, or the primary resident can offset mortgage payments with rent. Under new Fannie Mae guidelines, multi units only require X down payment. All units have their own washer and dryer. A new tankless water heater and generator as well as all electrical updated. Separate electrical box for top and bottom unit. The 1,100 sq. ft. garage is a key feature of the property. The garage has the option of subdividing for storage for each unit and increase rents. Or if the city will allow, a fourth unit could be constructed adding more rental income. Great opportunity to start your investment portfolio! Read Less
Courtesy of Whitney Lyle, Equity Real Estate (Solid) 801-499-6463
Listing Snapshot
Days Online
5
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
3
Square Ft.
3,551
Lot Size
0.12 Acres
Year Built
1906
MLS Number
2078615
Additional Details
Building
Above Grade Finished Area: 2551, Architectural Style: Bungalow/Cottage, Building Area Total: 3551, Living Area: 3551, Living Area Units: Square Feet, Stories: 3, Year Built: 1906
Current Use: Single Family, Direction Faces: West, Parcel Number: 08-36-254-001, Property Condition: Blt./Standing, Property Sub Type: Single Family Residence, Property Type: Residential
Lot
Lot Size Acres: 0.12, Lot Size Area: 0.12, Lot Size Dimensions: 0.0x0.0x0.0, Lot Size Square Feet: 5227, Lot Size Units: Acres
Parking
Parking Total: 8
Taxes
Tax Annual Amount: 3987
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