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3751 S Redmaple Rd E, Millcreek, UT 84106

$650,000
4
BD
2
BA
1,645
SqFt
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List Price
$650,000
Status
COMING SOON
MLS#
2188570
Days on Market
0
Year Built
1969
Bedrooms
4
Bathrooms
2
Square Feet
1,645
Parcel Number
16-32-158-005
Acres
0.20
Terms
Cash, Conventional, VA Loan
County
Salt Lake
Region
Salt Lake City; So. Salt Lake
Subdivision
Park
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Property Description

Great investment opportunity! This well-cared-for property offers an excellent opportunity for an investor looking to build or expand a rental portfolio. Even better, this property is part of a larger offering that includes three duplexes and a fourplex. That's 10 total units that can be purchased together. For an owner-occupant, this can be a great way to become a property owner while having other tenants help offset the mortgage payment. Each unit is currently renting for $1,600 per month. Market rent is $1,700 per month per unit, giving a Gross Rent Multiplier of 191 and a CAP Rate of 6.28. Whether you're looking for a single investment property or interested in acquiring the entire 10-unit portfolio, this is an opportunity worth exploring. See MLS #2188578 for 791 E Whitemaple Way, #2188573 for 1324 E 4170 S, and #2188566 for 180 E Baird Ave. Call Agent for Showing Appointments. Do not disturb tenants!

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Additional Information

Taxes
$4,116
Exterior Features
Double Pane Windows, Out Buildings, Porch: Open, Patio: Open
Interior Features
Disposal, Kitchen: Updated
Floor
Carpet
Heating
Forced Air, Gas: Central
Roof
Membrane
School District
Granite
Elementary School
Lincoln
Middle School
Evergreen
High School
Olympus
Style
Side By Side
Living Area
1,645
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Calculator source: Real Geeks

Listing courtesy of Equity Real Estate (Advantage).

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