Multiple offers received. Highest and best due by noon Sunday May 27th. Beautifully updated all brick 4plex ideally located within a 5-minute drive of downtown SLC, Jordan River Parkway and convenient access to I-15, I-215, and I-80. This exceptional investment opportunity is located within a Rose Park neighborhood currently experiencing significant regentrification and investment efforts. This is particularly evidenced by the property's location adjacent to a beautiful city park which was completely redone within the last 2 years and significant nearby development activity fueled by the exceptional rental demand in the submarket. This property has been meticulously maintained and received significant capital improvements which have allowed the complex to command some of the highest rents in the area! Recent exterior upgrades have included new black exterior fence, beautiful sod and xeriscaping, newer swamp coolers, replaced exterior doors & windows, and exterior LED/Solar lighting upgrades. Interior upgrades have included the addition of new black appliance packages, resurfaced countertops, upgraded flooring, new paint, 2-inch blinds, lighting and plumbing upgrades. In addition, 3 of the 4 units W/D sets are owned by the property. The quality of the property has attracted a strong tenant base who take particularly good care of the property and pay rent on time. When there is a vacancy these units are very easy to rent. Add these factors to ownership which has stayed on top of any deferred maintenance and that gives you a property with exceptionally strong cash flow. Total monthly collected rent at this property is at $3,475 ($869 avg./unit rent). In addition to continued upgrades to the units, with organic rent growth rental rates on this property are trending to $950+/unit over the course of the next couple years. In addition to the option to purchase this exceptional property, the seller is offering a seller financing opportunity with 20% down and favorable terms. See agent remarks for details. You're welcome to walk around the property, but please do not disturb tenants. Showings are limited to Saturday May 26th from 11AM to 3PM ONLY. Please see the agent remarks for performance and analysis info.
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