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1650 N Trinnaman Lane Ln

Lehi, UT 84043
  • $1,650,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • ID#: 1807806
Under Contract
$1,650,000
  • 12
    BEDS
  • 0.46
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
  • 7,316
    SQFT
  • $226
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1994
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

PRICE REDUCED!!! This is like buying a 4-plex for 1.1 million and a duplex for $550K. This is a STEAL! For this age, sq footage, and condition, you cannot find a better rental building in Utah County. Built in 1994. HUGE units - And always rented. All 6 units were completely remodeled in 2018. All units have central air. The door on the left (1A and 1B) comprises 2 units (up/down apartments that are 2 bed/1 bath and almost 1100 sq ft each) . The 4 doors on the right are townhome style units that are 2 bed/1.5 bath units, 1280 sq ft each. Each townhome style apartment has their own 1-car garage. Units 1A and 1B share the 2 car garage. Rents are low based on comparable rents for this size and condition. Management company says rents should be $1450-$1550 per unit. 1unit/lease (1B) expires at the end of this month (April). 2 leases expire in July, 1 in Aug, and 1 in Sept. So the rents can be raised to market rents very quickly. Unit 5 lease renewed Jan 1st of this year (at $1405/mo) (which is still under current market value according to management company). The pictures are of one of the townhome style units. All 4 townhome style units have the same floorplan (2 are flip-flopped). All 6 units are remodeled with the same colors, appliances, finish, etc, and in similar condition as the pictures. The 2 up/down units obviously have a different layout. Square footage figures are provided as a courtesy estimate only and were obtained from county records and prior appraisal inspection . Buyer is advised to obtain an independent measurement.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-05-22T23:37:45.05. 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.
www.greatersaltlakecityhomes.com/homes/128010824
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1650 N Trinnaman Lane Ln Lehi, UT 84043

  • Price: $1,650,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • ID#: 1807806
12
Beds
10
Baths
0
½ Baths
0.46
Acres
7,316
SQFT
$226
$/SQFT
1994
Built
Neighborhood:
Trinnimin Tracts
County:
Utah
Area:
Am Fork; Hlnd; Lehi; Saratog.
Elementary School:
Lehi
Middle School:
Lehi
High School:
Lehi
School District:
Alpine
Property Description
PRICE REDUCED!!! This is like buying a 4-plex for 1.1 million and a duplex for $550K. This is a STEAL! For this age, sq footage, and condition, you cannot find a better rental building in Utah County. Built in 1994. HUGE units - And always rented. All 6 units were completely remodeled in 2018. All units have central air. The door on the left (1A and 1B) comprises 2 units (up/down apartments that are 2 bed/1 bath and almost 1100 sq ft each) . The 4 doors on the right are townhome style units that are 2 bed/1.5 bath units, 1280 sq ft each. Each townhome style apartment has their own 1-car garage. Units 1A and 1B share the 2 car garage. Rents are low based on comparable rents for this size and condition. Management company says rents should be $1450-$1550 per unit. 1unit/lease (1B) expires at the end of this month (April). 2 leases expire in July, 1 in Aug, and 1 in Sept. So the rents can be raised to market rents very quickly. Unit 5 lease renewed Jan 1st of this year (at $1405/mo) (which is still under current market value according to management company). The pictures are of one of the townhome style units. All 4 townhome style units have the same floorplan (2 are flip-flopped). All 6 units are remodeled with the same colors, appliances, finish, etc, and in similar condition as the pictures. The 2 up/down units obviously have a different layout. Square footage figures are provided as a courtesy estimate only and were obtained from county records and prior appraisal inspection . Buyer is advised to obtain an independent measurement.
Exterior Features

Architectural Style Side By Side Attached Garage YN No Carport YN No Construction Status Blt./Standing Covered Spaces 6 Frontage Length 0.0 Garage YN Yes Horse Property YN No Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 6 Pool Private YN No RVParking Dimensions 0.00 Spa YN No View YN No Waterfront YN No

Interior Features

Bathrooms Partial 0 Bathrooms Total 10 Building Area Total 7316 Cooling YN No Fireplace YN No Heating YN False Rooms Total 0

Property Features

Association YN No Current Use Residential Irrigation Water Rights Acres 0 Lease Considered YN No New Construction YN No Ownership Property Owner Property Attached YN No Property Condition Blt./Standing Property Sub Type > 4 Units Senior Community YN No Tax Annual Amount 4679

Listing provided courtesy of R And R Realty, Llc: 801-492-7791. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2022 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-05-22T23:37:45.05. 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.
 
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