Active

928 S WASHINGTON ST

Salt Lake City UT, 84101

$4,250,000


$337.73 per sqft

Active

26 Beds

39 Baths

12,584 sqft

Residential

Built in 2018

An incredible investment opportunity in the heart of Salt Lake City! The current loan on the property is assumable at 4.67%! The 13 unit property sits on 0.26 acres and has 100% occupancy year-round. The neighborhood is incredibly diverse and is within short walking distance to downtown, restaurants, shops, and a Trax station. In current rental agreements, the tenant pays power and gas utilities; the owner pays water, sewer, trash, and internet utilities. Yearly costs are listed above. There are 5 parking spaces included and the owner has had tenants pay $100 extra per month for a parking spot. Extra rent is also charged for pets. Roof deicers are installed to melt the snow during the winter. There is a maintenance shed for the property in the back parking area. This property is fully landscaped and was designed to be very low maintenance. Current rents have been kept on the low-end, and are very competitive in this market. Each unit was designed with separate utilities, and can be easily converted to townhomes in the future. With the Olympics coming back to Salt Lake, this is the perfect time to jump at this opportunity!

2025190

MLS ID

September 24, 2024

Listed

November 22, 2024

Updated

Map

928 S WASHINGTON ST
Salt Lake City UT, 84101

Interior Features

Total Stories

0


Bedrooms

26


Total Bathrooms

39


Interior Features

Bath: Master, Disposal, Range/Oven: Free Stdng, Dishwasher: Built-In


Floor Description

Carpet, Laminate, Tile


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Gas: Central

Exterior/Building Features

Lot Size

0.26 Acres


Exterior Features

Patio: Open


Lot Features

Fenced: Full, Private


Architectual Style

Stories: 2


Roof

Flat


Sewer

Sewer: Public

School Information

School District

Salt Lake


High School

Highland


Elementary School

Liberty

Other Property Details

Area Name

Salt Lake City; So. Salt Lake


Taxes

$19,650


Tax Frequency

Annually


Days on Market

48


Garage

No


Parking Total

5


View

No


County

Salt Lake


Water Source

Culinary


Pool

No


Zoning

Multi-Family

Courtesy of Flat Rate Homes

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10:21 PM UTC, 11/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Stern Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Wasatch Front Regional MLS, Inc. All rights reserved.

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