Homes for sale - 275 W 500 N, Salt Lake City, UT 84103

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Shannon Olsen

myutahagents@gmail.com +1(801) 458-6467

$ 932,000

Est. payment | -/mo

6 Beds

3 Baths

3,557 SqFt

Save

$ 932,000

Est. payment | -/mo

Save

6 Beds

3 Baths

3,557 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,557 sqft

Price per Sqft $262

MLS Listing ID 2078452

Style Up And Down

Bedrooms 6

Construction Status Blt./Standing

HOA Y/N No

Year Built 1906

Annual Tax Amount $3,987

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Triplex

Property Description

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 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!

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Multi-Family

Interior

Interior Features Basement Apartment, Closet: Walk-In, Disposal, Kitchen: Updated, Range/Oven: Built-In, Range/Oven: Free Stdng., Granite Countertops, Dishwasher: Built-In

Heating Hot Water

Flooring Carpet, Hardwood, Tile

Inclusions Ceiling Fan, Dryer, Microwave, Range, Refrigerator, Washer

Fireplace No

Window Features Blinds,Drapes

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Basement Entrance, Bay Box Windows, Double Pane Windows, Lighting, Porch: Screened

Garage Spaces 4.0

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Lake, Mountain(s)

Roof Type Asphalt

Present Use Residential

Topography Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, View: Lake, View: Mountain

Porch Screened

Total Parking Spaces 8

Private Pool No

Building

Lot Description Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, View: Lake, View: Mountain

Faces West

Sewer Sewer: Connected

Water Culinary

Structure Type Brick,Frame

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Washington

Middle Schools Bryant

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 08-36-254-001

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Equity Real Estate (Solid)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 458-6467

myutahagents@gmail.com

739 E 3800 N, NORTH OGDEN, Utah, 84414, USA

275 W 500 N Salt Lake City, UT 84103