$1,200,000

Property Details

Unit Mix

Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.

Description

Rare Investment Opportunity in Salt Lake City's Highly Desirable 9th & 9th Neighborhood! Don't miss this exceptional opportunity to own a well-maintained, extensively updated side-by-side fourplex in one of Salt Lake City's most sought-after rental locations. Offering excellent income and cash-flow potential, this property combines a prime location, spacious floor plans, numerous improvements, and low-maintenance features that make it an ideal investment. Your tenants will love this vibrant, walkable neighborhood, where Liberty Park, the popular 9th & 9th district, Smith's grocery store, coffee shops, restaurants, boutique shopping, and public transportation are all just steps away. The unbeatable central location also provides convenient access to the University of Utah, Westminster University, Sugar House, downtown Salt Lake City, and the Salt Lake International Airport. All four generously sized units offer approximately 802 square feet each, with the same functional and inviting floor plan with two bedrooms, a full bathroom, a spacious living room or flexible living space, and separate front and rear entrances. Each unit also includes newer duoble pane windows, a kitchen with a range/oven, refrigerator, dishwasher, pantry, dining area, ample closet space, and connections for a full-size washer and dryer. Numerous improvements add value and minimize the immediate maintenance and capital improvement needs often associated with purchasing investment properties. Units 1, 2, and 4 have updated bathrooms and kitchens with new granite countertops and appliances, while Units 1 and 4 also boast newer furnaces. All four apartments have newer central air conditioning units. The durable brick exterior, separate gas and electric meters, low-maintenance yard, new vinyl fence and automatic sprinkler system make this property especially practical to own and manage. Another standout feature is the convenient alley access from Lake Street and 700 East, leading to off-street parking beneath a four-car carport. Five additional storage closets and a separate storage shed provide valuable extra storage for tenants and property management. This exceptional fourplex truly has it all: a premium location, excellent condition, thoughtful updates, and strong income producing potential! Whether you're expanding an established real estate portfolio, completing a 1031 exchange or looking for your first multifamily investment, this property offers an outstanding opportunity to own a desirable rental property in the heart of Salt Lake City.