Lake Home For Sale near Great Salt Lake
**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.Property Details
- Beds: 16
- Baths: 8.0
- Sq Feet: 9563
- Year Built: 1973
- Location: Great Salt Lake
- Acres: 0.270
- Community: PLAT F
- Heat/AC: Central, Natural Gas
- Garage: Covered
- Siding: Brick
- Roof: Membrane
- Stories: 3
- Property Taxes: $11,645
- MLS #: 2071896
Location
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Contact Information:
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Listing Agent: Joseph Mills, Investment Realty Advisors, LLC, 801-971-2542, 435-485-7070 Listing Site, Listing Status: Active
Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 5947676 |
| Viewed: | 47 times |
| Added: | Mar 21, 2025 |
| Updated on: | Jun 07, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
