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20 E Southgate Ave

South Salt Lake, UT 84115
  • $424,999
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 1769820
Price Reduced
UPDATED: 47 min ago
$424,999
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1914
County:

School Ratings & Info

Description

NSTANT rental income & long term investment all in one with this amazing property! This darling bungalow has a lot of charm with its high ceilings, paneled walls & original woodwork but also the nice amenities of having a large kitchen & family room to entertain. The home was originally used as an airbnb property with a "Stranger Things" theme. The yard has twice the acreage of what most have in this zip code and is deceiving- half of it is fenced with grass for the house but the other half is low maintenance with an oversized two car extra deep garage and enough side yard for RVs if needed. The rental income is a huge plus here- $1750 monthly income from a current renter (lease in place until March 2022), $157 monthly income from the sign company (see remarks), and $100 potential monthly income from the current owner for the garage lease. That's over $2k monthly rental income to the new owner! Another HUGE plus here- the property is zoned residential/commercial, which means that you can either continue to use the property in the residential status that it is currently or use it for a business or other uses later. There's a lot of opportunity here- this property will go fast. The next door neighbor to the north also has their property for sale so if you purchased both, you'd have over a half acre. Please DO NOT disturb tenants- they're aware of the sale of the property but please contact listing agent directly with questions. Square footage figures are provided as a courtesy estimate only and were obtained from county records . Buyer is advised to obtain an independent measurement and to verify all. The seller is a licensed real estate agent & is related to the listing agent/broker. Also listed as MLS#1769798 (residential due to both types of zoning- buyer to verify all with the city/county)

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-10-15T21:38:57.353. 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.livingutah.com/homes/121572184
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20 E Southgate Ave South Salt Lake, UT 84115

  • Price: $424,999
  • Status: Active
  • Updated: 47 min ago
  • ID#: 1769820
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1914
Built
Neighborhood:
Southgate Park
County:
Salt Lake
Area:
Salt Lake City; So. Salt Lake
Property Description
NSTANT rental income & long term investment all in one with this amazing property! This darling bungalow has a lot of charm with its high ceilings, paneled walls & original woodwork but also the nice amenities of having a large kitchen & family room to entertain. The home was originally used as an airbnb property with a "Stranger Things" theme. The yard has twice the acreage of what most have in this zip code and is deceiving- half of it is fenced with grass for the house but the other half is low maintenance with an oversized two car extra deep garage and enough side yard for RVs if needed. The rental income is a huge plus here- $1750 monthly income from a current renter (lease in place until March 2022), $157 monthly income from the sign company (see remarks), and $100 potential monthly income from the current owner for the garage lease. That's over $2k monthly rental income to the new owner! Another HUGE plus here- the property is zoned residential/commercial, which means that you can either continue to use the property in the residential status that it is currently or use it for a business or other uses later. There's a lot of opportunity here- this property will go fast. The next door neighbor to the north also has their property for sale so if you purchased both, you'd have over a half acre. Please DO NOT disturb tenants- they're aware of the sale of the property but please contact listing agent directly with questions. Square footage figures are provided as a courtesy estimate only and were obtained from county records . Buyer is advised to obtain an independent measurement and to verify all. The seller is a licensed real estate agent & is related to the listing agent/broker. Also listed as MLS#1769798 (residential due to both types of zoning- buyer to verify all with the city/county)
Exterior Features

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

Interior Features

Above Grade Finished Area 0 Basement Finished Percentage 0 Bathrooms One Quarter 0 Bathrooms Partial 0 Building Area Total 0 Cooling YN No Fireplace YN No Fireplaces Total 0 Heating YN False Main Level Bedrooms 0 Rooms Total 0

Property Features

Association Fee 0 Association YN No Capitalization Rate 0 Cross Street 2735 Current Use Office Irrigation Water Rights Acres 0 Lease Amount 0 Lease Considered YN No New Construction YN No Number Of Pads 0 Number Of Units Leased 0 Power Production Solar Year Install 0 Property Attached YN No Property Condition Blt./Standing Property Sub Type Office Senior Community YN No Tax Annual Amount 1390 Zoning Description Commer

Listing provided courtesy of K Real Estate. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2021 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-10-15T21:38:57.353. 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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