Unique and Beautiful Property in Desired Millcreek Neighborhood with Residential, Commercial, or Combined-Use Purposes. This is an excellent and unique full-rental or residential & rental combination property. Historically, some property owners have chosen to rent out all available spaces to tenants while others have lived as on-site landlords in the main single-family home and rented out the remaining units available. NON-CONFORMING 4-PLEX This is a non-conforming multi-unit property. The property consists of three stand-alone buildings. The first is a 4-bedroom single-family home with a fenced/private yard and a separate, mother-in-law basement apartment (accessory dwelling unit). The second is a stand-alone cottage, and the third is a duplex. The cottage and both units of the duplex all have the same floor-plan and they each have their own fenced/private back yards. In total there are 5 units available to rent when accounting for the separate mother-in-law basement of the single-family home. *Square footage number listed above (5650) is the summation of all living spaces combined. The specific square footage of gross livable area for each unit is as follows: 2197 Claybourne Ave (4-Bedroom Single-Family Home) 1880 Square Feet Mother-In-Law Basement of 2197 Claybourne Ave 1016 Square Feet (Includes livable area and 2 large storage closets) 2195 Claybourne Ave (Stand-Alone Cottage) 918 Square Feet 2191 and 2193 Claybourne Ave (Duplex Units) 918 Square Feet (each) *Operating Expenses: In addition to rent, tenants pay a $50 fee for water, sewer, and garbage. Owners pay initially outright for water, sewer, and garbage, and the $50 from each tenant is a reimbursement. *Notes for GOI, GSI, and Rent: Owners have rented to friends and family over the years and have intentionally kept rent lower than market rent rates. All tenants are on a month-to-month rent basis and all tenants are aware that the property is for sale. Contact listing agent Mackenzie Scott to request a pro-forma to see market rents, calculation of cap rate (5.4%), etc. Pet Policy: No restrictions, maximum number of pets is negotiable. Current tenants have dogs. There are no cats currently on the property. Occupancy has been 100% for this property and owners have intentionally left the single-family home with mother-in-law basement vacant in preparation for the sale. Basement mother-in-law unit shares gas and power meters with the above single-family home, 2197. New Roof built for 2197 by Roof Tek in November of 2020.
Courtesy of: Coldwell Banker Realty (Salt Lake-Sugar House) Listing information provided courtesy of the Wasatch Front Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 1st December, 2022 10:45 AM (UTC)