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Salt Lake City, Utah 84102
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This section only treats MLS wording as a signal. Assumptions, seller financing, subject-to, wraps, and lease options still need seller, lender, title, and legal review before anyone relies on them.
Fabulous U of U and downtown multi-unit rental and/or group home facility with new paint and carpet! Fabulous value with room to increase rents throughout! Current rent rates are low and have not been raised in years! This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are currently in place. The property is licensed and used for multi-unit rentals that allow apartment and single-room tenants up to 10 Doors. There is one 2-Bedroom, one-bath and a 1-Bedroom, one-bath apartment on the main floor. There are 8 single room rentals on the second floor that share a common kitchen area and 2 1/2 full baths. This property is perfect "As Is" or can be developed into an Airbnb, Hostel Group Home, or Apartments. The boiler is only a couple of years old, is 90%+ efficient, and represents a $30,000 investment. The roof is also in excellent condition, providing additional peace of mind for the buyer.
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data provided by Wasatch Front Regional MLS. Information deemed reliable but not guaranteed.
30 Year Fixed • sample 7.03% interest rate • 20% down ($171,000)
Estimated P&I + taxes + insurance. This is a sample for informational purposes only — not a commitment or offer to lend. Actual rate, APR, and payment will depend on your credit, down payment, loan type, and lender. Contact a licensed mortgage professional for an accurate quote.
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801.635.8462USMC Veteran • REALTOR® • UT Lic# 12907042-SA00 · NV Lic# S.0201351 · WY Lic# RE-17041