Description
University of Utah * Westminster University* Salt Lake Community College* Downtown Salt Lake* Trax* Shopping and Schools*Plenty of potential to increase gross scheduled income considerably due to current low rents. One of the truly great well kept gems situated on a quiet tree lined residential street. Known as Shady Villas, this offering features a 12 unit building that is surrounded by mature trees, well kept single family homes and provides a tranquil setting that tenants love and a place that anyone would love to call home. This terrific investment features 12 wonderful 2 bedroom 1 bath units. Security doors on back and front with individual code access for each tenant. All of the individual units feature lots of natural light, individual furnaces and central air conditioners, sep. gas and & elec. meters, lots of living space, updated kitchens, and include either a patio or a deck for each unit for out door enjoyment, full window coverings with large custom made wood shutters make for an elegant addition to each of the units. Each individual unit has an abundance of natural light, is well appointed and will meet most tenants living needs. There is plenty of upside potential for increased rents for the new owner / investor to provide for a terrific investment that will only continue to increase in value. There are numerous long term tenants in the building that have called this wonderful place home. This location is very convenient and provides great access to Downtown SLC, Universities and Colleges, Trax Lines, Shopping, Schools and most all of life's needs. This sale is part of a 1031 Tax exchange by the seller and buyer agrees to cooperate with the 1031 tax exchange requirements. All information including but not limited to square footage, rents, leases, and anything buyer deems necessary and important to be verified by buyer and buyer's agent prior to closing. NO SIGN ON PROPERTY. DO NOT DISTURB THE TENANTS. DO NOT ENTER THE BUILDING. MAKE OFFERS SUBJECT TO INSPECTION.
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24BEDS
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0.27ACRES
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12BATHS
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01/2 BATHS
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11,385SQFT
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$347$/SQFT
School Information
Description
University of Utah * Westminster University* Salt Lake Community College* Downtown Salt Lake* Trax* Shopping and Schools*Plenty of potential to increase gross scheduled income considerably due to current low rents. One of the truly great well kept gems situated on a quiet tree lined residential street. Known as Shady Villas, this offering features a 12 unit building that is surrounded by mature trees, well kept single family homes and provides a tranquil setting that tenants love and a place that anyone would love to call home. This terrific investment features 12 wonderful 2 bedroom 1 bath units. Security doors on back and front with individual code access for each tenant. All of the individual units feature lots of natural light, individual furnaces and central air conditioners, sep. gas and & elec. meters, lots of living space, updated kitchens, and include either a patio or a deck for each unit for out door enjoyment, full window coverings with large custom made wood shutters make for an elegant addition to each of the units. Each individual unit has an abundance of natural light, is well appointed and will meet most tenants living needs. There is plenty of upside potential for increased rents for the new owner / investor to provide for a terrific investment that will only continue to increase in value. There are numerous long term tenants in the building that have called this wonderful place home. This location is very convenient and provides great access to Downtown SLC, Universities and Colleges, Trax Lines, Shopping, Schools and most all of life's needs. This sale is part of a 1031 Tax exchange by the seller and buyer agrees to cooperate with the 1031 tax exchange requirements. All information including but not limited to square footage, rents, leases, and anything buyer deems necessary and important to be verified by buyer and buyer's agent prior to closing. NO SIGN ON PROPERTY. DO NOT DISTURB THE TENANTS. DO NOT ENTER THE BUILDING. MAKE OFFERS SUBJECT TO INSPECTION.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-09-25T11:39:06.133. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.