6 Beds | 4 Baths | 1 Garage | 2,564 Sq Ft
Turnkey Duplex with Strong Rental Upside Live in One, Rent the Other or Maximize Cash Flow! This well-maintained duplex offers a fantastic opportunity for both investors and owner-occupants. The upstairs unit is rented for $2000 a month with a year lease, featuring granite countertops, central heating and air conditioning, and spacious living areas. The downstairs unit was currently leased at $1,450/month through the end of June. The longtime tenants have occupied the space for nearly eight years, and rent has remained below market. With their lease having ended, there's strong potential to bring rents up to market value-projected around $2,000/month. The lower unit includes wall-mounted heaters and a window-mounted swamp cooler. Currently stored and not yet installed for the summer. Water and sewer is on average $161 a month. Trash is $156 per quarter. Electric is paid for by tenant. Conveniently located and well cared for, this property is a solid investment with immediate upside. Qualifies for FHA financing-loan limit for a 2-unit in Salt Lake County is $805,300. Live in one unit and rent out the other! 75% of projected rental income can be used to help buyers qualify Square footage figures are provided as a courtesy estimate only and were obtained from county records . Buyer is advised to obtain an independent measurement.
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