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1616 S 2300 E, Salt Lake City, UT 84108
$720,000
1616 S 2300 E, Salt Lake City, UT 84108
Type
SFR
List Price
$720,000
Price/Sqft
$379
Est Gross Yield
4.7%
$33,696/yr est.
Property Details
Description
This classic red-brick rambler blends timeless charm with versatile living spaces and an unbeatable location! The light-filled main floor features a welcoming living room, kitchen, two bedrooms, and a full bathroom. Downstairs, a walk-out lower level offers even more flexibility, with its own living room, full kitchen, bedroom with a great window, and bathroom. The walk-out design brings in natural light, making the lower level feel bright and inviting. Zoned for single-family residential use with a mother-in-law apartment, the home is currently generating $2,900 per month in rental income, with an upstairs tenant paying $1,700/month and a lower-level tenant paying $1,200/month. Whether you're looking for an investment opportunity or a home with flexible living arrangements, this property offers plenty of possibilities! And the location? It's hard to beat! Just a five-minute walk to the newly updated Foothill Village, where you'll find great shopping and dining options, including Sports Den, Dan's, Mo' Bettahs, Cupbop, Zao Asian Cafe, and more. With so many delicious choices nearby, you'll never have to cook dinner! Easy freeway access puts the airport within convenient reach and world-class skiing just about 30 minutes away. A charming home, flexible living options, rental income, and a location that puts shopping, dining, and outdoor adventure right at your fingertips!
Listed by Dorthy Androulidakis · Summit Sotheby's International Realty
Location
1616 S 2300 E, Salt Lake City, UT 84108
Proforma
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Cap Rate
3.11%
Cash-on-Cash
-4.17%
Cash Flow
-$939/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/23/2026, 9:09:01 AM. 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. Listing data provided by UtahRealEstate.com.