Well maintained and managed property by owner for over 30+ years. Located in an "up and coming" neighborhood with many properties having been renovated and updated. The apartments are on a quiet street with exceptional access to retail services, State Street, light rail (Trax) station, and the I-80 freeway. All units have been renovated with the past 18 months, with four within the past 60 days. Three new furnaces have been installed. Has an 800+/-SF concrete block two car garage that can be rented out or used by a new owner. Three of the recently renovated units are currently vacant and ready to rent. Existing rents are below market, with month-to-month terms, and rents can be increased immediately. Potential monthly gross rental income is projected at $8,300+ per month. Property has a small underground well (with water rights) for irrigating some of the landscaping.
Courtesy of: Chapman Richards & Associates, Inc. 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: 15th August, 2022 2:12 AM (UTC)