Active
14382 S Ferndale Way, Herriman, UT 84096
$1,280,000
12 bed · 9 bath · 9,752 sqft
Financing fell through so we're BACK ON MARKET! Turnkey 4-Unit Townhouse Investment Proven Cash Flow for separate modern 3 bed/2 bath townhomes built 2016, featuring granite countertops & open layouts. 2 units have 100% finished basements. Currently 100% occupied. Impressive 98% average occupancy over the past 3 years. Professionally managed for 10 years. Residents enjoy community pool + clubhouse amenities mere feet away that drive tenant satisfaction and support higher rents. 100 yards away from Mountain View Corridor makes this a commuter's dream. Schools within walking distance, as well as community park/playground. Low-maintenance, young construction delivers stable income with strong appreciation potential. Perfect hands-off investment opportunity reliable returns from day one! Avg. rent increases in area approx. 3-5%/yr. Another buyer's option could possibly be separating/rezoning units and sold separately as single family townhouses, which currently could range from $375k-$400k each. Current leases very owner friendly. HOA fees cover water/sewage/trash/internet/yard maintenance/snow removal and pool/clubhouse maintenance. Sq. footage provided by professional appraisal.
TOP 20% VALUE: priced better per square foot than 5 of the 5 most similar active listings nearby.
| Year built | 2016 |
|---|---|
| Lot size | 0.08 acres |
| Garage | 6 spaces |
| Stories | 0 |
| Type | Quadruplex |
| Annual taxes | $7,663 |
| County | Salt Lake County |
| MLS # | 2145417 |
| Days on market | 211 |
Photos (25)
Listing courtesy of Charles Adam Peart, Boardwalk Realty & Management.
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