For Sale
$480,000

2544 200 South Salt Lake, UT 84115

Prime location, 2-unit rental, immediate income.

Overview

Added:
Dec 11, 2024
Days on market:
134
Exceptional investment opportunity in South Salt Lake, Utah, presents a well-maintained, two-unit multifamily property ideally suited for both seasoned and novice investors. This 1,156 square foot duplex, situated on a 0.15-acre lot at 2544 S 200 E, boasts a desirable location near State Street and I-215, ensuring high tenant demand. The property, built in 1950 and renovated 15 years ago, currently enjoys 100% occupancy with both units featuring three bedrooms. Each unit commands a price of $240,000, totaling an asking price of $480,000. The property includes a detached two-car garage, offering additional rental potential. Current tenants are under six-month leases, providing an immediate income stream with significant upside potential for rental increases. The seller is motivated due to a 1031 exchange and is seeking a swift transaction. This turnkey investment requires no immediate capital expenditures, making it an attractive opportunity for immediate return. The property's Class C designation reflects its solid condition and potential for appreciation. The property's APN is 16-19-307-016. Serious inquiries only; please submit Letters of Intent prior to scheduling showings to respect tenant privacy.

Highlights

  • $480,000 asking price for a two-unit multifamily property.
  • Located at 2544 S 200 E, South Salt Lake, UT 84115.
  • Property consists of a 1,050 sq ft duplex on a 0.15-acre lot.
  • Features include 3 bedrooms per unit, a detached two-car garage, and 100% occupancy.
  • Built in 1950, renovated 15 years ago; currently Class C.
  • $240,000 per unit; $415.22 per square foot.

Property Details for 2544 200

Property type
Residential income homes, Dormitories
Square Feet
1,156 SF
Class
C
Year Built/Renovated
1950/15
Buildings
1
Stories
1
Lot Size (sq. ft)
6,534 SF
Units
2

Location Insight

City
South Salt Lake
County
Salt Lake
State
Utah
Latitude
40.715149182505
Longitude
-111.88539733107

FAQs

What type of property is this?
Residential income home - Prime location, 2-unit rental, immediate income.
Where is the residential income home located?
The property is located at 2544 200 South Salt Lake, UT.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: $480,000 asking price for a two-unit multifamily property.; Located at 2544 S 200 E, South Salt Lake, UT 84115.; Property consists of a 1,050 sq ft duplex on a 0.15-acre lot.
How can I contact the broker?
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2544 200
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