Off Market

227 N Center St St N #227, Salt Lake City, UT 84103

$750,000

6 bed · 5 bath · 5,400 sqft

Large 4 plex. Each unit has it's own 1 car garage on lower level with ample parking in back. Unit #1 has recently been remodeled which is a 2 bdrm 2 bath. Unit #2 has 1 bdrm 1 bath, Unit #3 has 2 bdrms 1 bath and Unit #4 has 1 bdrm 1 bath. 2 Units have been Owner occupied for years. No real rental history. Other 2 units have been occupied for years with no rental increases. Both units are currently rented at $850 a month. And are on a month to month lease. Projected rents for Unit #1 is approx. $1350 a month in current condition. Unit #2 approx. $1150 a month in current condition, Unit #3 approx. $1250 a month in current condition, Unit #4 approx. $1150 a month in current condition. Utilities are NOT include in projected rents. Tenants are currently NOT responsible for any utilities as of now. Tenants should participate in partial payment for utilities. On lower lever are the garages, a laundry room, (coin op), and each unit has a storage closet on this level, this ground level is a walkout to extra parking in rear. All hallways and stairways have resently received new paint and carpeting. Almost all windows have received new blinds as of 2-12-2019. Both water heaters have been replaced as of 2-14-2019. Property is in good condition. Shown by appointment only. Tenants need min. 24 hr notice for showings.

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