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    2135 S 200 E

    South Salt Lake, UT 84115
    • $475,000
    • STATUS: Active Under Contract
    • ON SITE: 96 days
    • ID#: 1690166
    Under Contract
    UPDATED: 93 min ago
    $475,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,298
      SQFT
    • $207
      $/SQFT
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Information

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

    Description

    Buyer walked, back on market! Jump on this opportunity to buy a great potential cash-flowing rental that can pencil at over a 7+ CAP rate. This is the perfect "house hack". Use purely as an investment and get great potential cash flow or buy and live in owner-occupied and potentially live for free as the cash flow can pay your mortgage if you live in the basement unit and put at least 10% down. This is a legal duplex with a mother-in-law basement unit. Unit 1: 2 bed, 1 bath, 716 sq ft, Rent: $1,200. Unit 2: 1 bed, 1 bath, 716 sq ft, Rent: $1,100. Mother-In-Law Unit: 1 bed, 1 bath, 500 sq ft, Rent: $700. Gross Potential Rents could be $3,000. 2 car garage. There is a shared laundry area in the basement. Potential upside in cash flow by charging for garage parking ($20/mon), basement storage units ($20/mon), and laundry rental fee ($20/mon). Rents did not include utilities besides water, sewer, and garbage. All units were recently updated and are now rent ready. Newer paint, new vinyl flooring in basement, hardwood in great condition, hard surface durable counters, updated electrical and HVAC/water heaters were updated in 2012. Jump on this great deal as it won't last long as one of the highest potential cap rate sales in a long time.

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-10-30T23:37:29.73. 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/108249920
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    2135 S 200 E South Salt Lake, UT 84115

    • Price: $475,000
    • Status: Active Under Contract
    • Updated: 93 min ago
    • ID#: 1690166
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,298
    SQFT
    $207
    $/SQFT
    1950
    Built
    Neighborhood:
    Salt Lake City; So. Salt Lake
    County:
    Salt Lake
    Area:
    Salt Lake City; So. Salt Lake
    Elementary School:
    Woodrow Wilson
    Middle School:
    Granite Park
    High School:
    Cottonwood
    School District:
    Granite
    Property Description
    Buyer walked, back on market! Jump on this opportunity to buy a great potential cash-flowing rental that can pencil at over a 7+ CAP rate. This is the perfect "house hack". Use purely as an investment and get great potential cash flow or buy and live in owner-occupied and potentially live for free as the cash flow can pay your mortgage if you live in the basement unit and put at least 10% down. This is a legal duplex with a mother-in-law basement unit. Unit 1: 2 bed, 1 bath, 716 sq ft, Rent: $1,200. Unit 2: 1 bed, 1 bath, 716 sq ft, Rent: $1,100. Mother-In-Law Unit: 1 bed, 1 bath, 500 sq ft, Rent: $700. Gross Potential Rents could be $3,000. 2 car garage. There is a shared laundry area in the basement. Potential upside in cash flow by charging for garage parking ($20/mon), basement storage units ($20/mon), and laundry rental fee ($20/mon). Rents did not include utilities besides water, sewer, and garbage. All units were recently updated and are now rent ready. Newer paint, new vinyl flooring in basement, hardwood in great condition, hard surface durable counters, updated electrical and HVAC/water heaters were updated in 2012. Jump on this great deal as it won't last long as one of the highest potential cap rate sales in a long time.
    Exterior Features

    Driveway Concrete Exterior Building Materials Brick Exterior Features AwningsBasement EntranceDouble Pane WindowsPatio: CoveredSecured Parking Frontage Facing W Garage Capacity 2 Garage Parking Features Detached Landscaping Landscaping: Full Length In Feet Of Back Of Property 58.0 Length In Feet Of Front Of Property 58.0 Length In Feet Of Side Of Property 104.0 Lot Facts Curb & GutterFenced: PartRoad: PavedSidewalksSprinkler: Auto-FullTerrain: Flat Parking Capacity 2 Roof Features Asphalt Shingles Storage GarageBasement Style Side By Side

    Interior Features

    Floor Coverings HardwoodLinoleumTileVinyl Heating Features Forced AirGas: Central Interior Features Basement ApartmentDishwasher: Built-InFloor DrainsKitchen: SecondRange/Oven: Free Stdng. Windows Blinds

    Property Features

    Additional Information Leases: YearlySep. Gas MetersSep. Power MetersSep. Water HeatersSome Utilities In RentTenant Pays Utilities Amenities Electric Dryer HookupLaundry: Hookups Animals None Community Pool No Gross Operating 36000 Gross Scheduled 36000 Hoa No Hoa Fee 0 Inclusions DryerRangeRefrigeratorWasherWindow Coverings Multifamily Property Type Duplex Owner Type Property Owner Pool No Possession Rec Spa No Taxes 2371 Telecommunications Broadband CableWireless Broadband Terms CashConventionalFhaVa Utilities Gas: ConnectedPower: ConnectedSewer: ConnectedSewer: PublicWater: Connected Water Culinary Water Shares 0.00 Year Remodeled 2019 Yearly Occupancy 99 Zoning Multi-Family Zoning Code R-1

    Listing provided courtesy of Windermere Real Estate - Utah (Holladay). Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-10-30T23:37:29.73. 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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