Description
**Open to creative financing. This exceptional investment property presents a rare opportunity to own a fully occupied 5 apartment home in the heart of Salt Lake City's thriving urban landscape. With a prime location at 128 S 1000 E, this property is currently home to five long-term tenants, making it an attractive and income-generating asset. Embrace the potential for passive income and secure your foothold in Salt Lake City's real estate market.The home has 2 units upstairs, 1 large main floor apartment, 2 units are located in the basement with a walk- out. The upstairs units and main floor unit have their own washer-dryer and there is a communal washer-dryer shared for the lower units. Rental breakdowns per unit: $1,400 upstairs one bedroom, $1,315 upstairs studio, $2,415 main floor 3 Bedroom, $1,260 downstairs studio, $1,300 downstairs one bedroom. Property is built to be converted into 3 large units if desired.Property Highlights: Size: Boasting a generous 4,900 square feet of living space, this spacious property accommodates six well-appointed bedrooms, ensuring each tenant enjoys comfort and privacy. Historic Charm: While maintaining classic architectural details that reflect the city's history, the property has been updated to ensure modern comfort and functionality for tenants. Natural Light: Ample windows bathe each room in natural light, creating an inviting and welcoming atmosphere for all residents. Open-Concept Living: The open layout seamlessly connects communal living, dining, and kitchen spaces, enhancing the tenants' overall living experience. Gourmet Kitchen: The well-equipped kitchens provide residents with modern appliances, granite countertops, and plentiful storage, catering to their culinary needs. Steady Income: With five long-term tenants already in place, this property offers an established and steady rental income stream from day one. 3-Car Garage: The property's 3-car garage meets the tenants' parking needs and provides extra storage space for added convenience. Location Benefits: Central Convenience: Situated in the heart of Salt Lake City, tenants enjoy easy access to downtown's cultural attractions, shopping districts, and dining destinations. Educational Institutions: Proximity to renowned schools and universities enhances the property's appeal to tenants seeking educational opportunities. Outdoor Exploration: Nature enthusiasts will delight in nearby hiking trails, ski resorts, and national parks, offering year-round outdoor activities. Cultural Richness: Tenants can immerse themselves in the city's cultural scene with theaters, art galleries, and music venues just a stone's throw away. Efficient Transit: A well-connected public transportation network simplifies commuting for tenants, promoting a hassle-free city experience. Community Atmosphere: The friendly neighborhood ambiance fosters a sense of community, contributing to the tenants' overall satisfaction. Healthcare Access: Proximity to medical facilities ensures tenants have convenient access to quality healthcare services. Seize this rare investment opportunity to own a fully occupied 6-bedroom home with a 3-car garage in Salt Lake City. Enjoy immediate rental income and become a part of the thriving real estate market at 128 S 1000 E. Contact us today to explore the potential of this income-generating property.
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6BEDS
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0.15ACRES
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5BATHS
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01/2 BATHS
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4,900SQFT
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$301$/SQFT
School Information
Description
**Open to creative financing. This exceptional investment property presents a rare opportunity to own a fully occupied 5 apartment home in the heart of Salt Lake City's thriving urban landscape. With a prime location at 128 S 1000 E, this property is currently home to five long-term tenants, making it an attractive and income-generating asset. Embrace the potential for passive income and secure your foothold in Salt Lake City's real estate market.The home has 2 units upstairs, 1 large main floor apartment, 2 units are located in the basement with a walk- out. The upstairs units and main floor unit have their own washer-dryer and there is a communal washer-dryer shared for the lower units. Rental breakdowns per unit: $1,400 upstairs one bedroom, $1,315 upstairs studio, $2,415 main floor 3 Bedroom, $1,260 downstairs studio, $1,300 downstairs one bedroom. Property is built to be converted into 3 large units if desired.Property Highlights: Size: Boasting a generous 4,900 square feet of living space, this spacious property accommodates six well-appointed bedrooms, ensuring each tenant enjoys comfort and privacy. Historic Charm: While maintaining classic architectural details that reflect the city's history, the property has been updated to ensure modern comfort and functionality for tenants. Natural Light: Ample windows bathe each room in natural light, creating an inviting and welcoming atmosphere for all residents. Open-Concept Living: The open layout seamlessly connects communal living, dining, and kitchen spaces, enhancing the tenants' overall living experience. Gourmet Kitchen: The well-equipped kitchens provide residents with modern appliances, granite countertops, and plentiful storage, catering to their culinary needs. Steady Income: With five long-term tenants already in place, this property offers an established and steady rental income stream from day one. 3-Car Garage: The property's 3-car garage meets the tenants' parking needs and provides extra storage space for added convenience. Location Benefits: Central Convenience: Situated in the heart of Salt Lake City, tenants enjoy easy access to downtown's cultural attractions, shopping districts, and dining destinations. Educational Institutions: Proximity to renowned schools and universities enhances the property's appeal to tenants seeking educational opportunities. Outdoor Exploration: Nature enthusiasts will delight in nearby hiking trails, ski resorts, and national parks, offering year-round outdoor activities. Cultural Richness: Tenants can immerse themselves in the city's cultural scene with theaters, art galleries, and music venues just a stone's throw away. Efficient Transit: A well-connected public transportation network simplifies commuting for tenants, promoting a hassle-free city experience. Community Atmosphere: The friendly neighborhood ambiance fosters a sense of community, contributing to the tenants' overall satisfaction. Healthcare Access: Proximity to medical facilities ensures tenants have convenient access to quality healthcare services. Seize this rare investment opportunity to own a fully occupied 6-bedroom home with a 3-car garage in Salt Lake City. Enjoy immediate rental income and become a part of the thriving real estate market at 128 S 1000 E. Contact us today to explore the potential of this income-generating property.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-09-29T16:39:40.75. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.