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475 N REDWOOD W RD, Salt Lake City, UT 84116
$309,000
475 N REDWOOD W RD, Salt Lake City, UT 84116
Type
Townhouse
List Price
$309,000
Price/Sqft
$240
Est Gross Yield
5.6%
$17,280/yr est.
Property Details
Description
Beautifully updated low-maintenance townhome, only $317,000 + the seller will contribute $2400 toward first years HOA dues. Unbeatable deal! This 2-bedroom, 2-bath residence stands out among the few Salt Lake City homes under $350,000, and it even has recent major system updates. New furnace, new A/C and new water heater in 2023; In 2026 new maple counter tops, new soft-close cabinet doors, new paint and new LVP flooring have been installed. Kitchen includes all new GE appliances, as well as new updated faucets, plumbing and valves on all sinks and bathroom toilets. New Smart thermostat makes keeping your home temperature easy. Upstairs bath hosts a granite counter top and new vanity, as well as new LVP flooring on the entire second floor. This townhome offers 2 bedrooms, but a third loft room, with a skylight, could be used as an office, library, or third bedroom. A gated patio provides private outdoor space and all appliances are included. This property provides convenient access to downtown Salt Lake City, the airport, and major freeway routes. Please note that the HOA fee is $395 a month, but the seller is offering to cover $200 a month for the first year of ownership to make moving in easier and more affordable. Great investment opportunity. Open to offers!
Listed by Lori Lee · Berkshire Hathaway HomeServices Utah Properties (North Salt Lake)
Location
475 N REDWOOD W RD, Salt Lake City, UT 84116
Proforma
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Cap Rate
3.72%
Cash-on-Cash
-2.55%
Cash Flow
-$247/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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