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202 S 800 E

Salt Lake City, UT 84102
  • $1,345,000
  • STATUS: Active
  • ON SITE: 2 Days
  • ID#: 1842997
New On Site 2 Days Ago
UPDATED: 40 min ago
$1,345,000
  • 6
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 4,148
    SQFT
  • $324
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1914
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Do Not disturb tenants. Situated between downtown Salt Lake City and the University of Utah; this 1914 historic and charming legal tri-plex is the perfect location for consistent rental income and low vacancy rates. Walkable to all the best dining and shopping Salt Lake has to offer, and near a trax stop; making the location ideal for tenants who prefer a walkable neighborhood. The current owner has always been able to attract reliable tenants and has consistently increased rents on all units year over year without a vacancy. This year the building underwent major renovations totaling $170,000 in work with all receipts and ledger available upon request. These renovations included: a new roof, skylights, soffit and facia. All new double paned and aluminum wrapped windows throughout the whole building. The old steam boiler system and piping that previously heated the building was removed and replaced with independent HVAC systems for two lower units and a mini split for the top floor. Old water heaters were removed and replaced with a large instantaneous water heater. All electrical panels and all plumbing were inspected and updated/repaired where accessible and as required. Front entrance stairs and landing were removed and renovated with new floor, handrails, and lighting, as well as two new entry doors. First floor unit was completely renovated and repainted, with new lighting, lifetime replacement warranty blinds, kitchen, a new vent hood and all new kitchen appliances as well as in unit laundry added; with bathroom renovation in 2021. The main floor unit also has the original wood burning fireplace that was cleaned, and inspected. Second floor unit was renovated two years ago including bathroom, kitchen, paint, with in unit laundry added. The top floor unit was completely renovated in 2019, with a refresh this year including new paint, lighting and furnishings. The unfinished basement is currently rented out as storage space, with a washer and dryer for top floor tenant use, and a spare refrigerator. Currently total rents for the building are $5600 per month. First floor: $2,000, Second: $2,000, Attic: $1,300, and $300 for basement which is being used as storage. The two main floor units have leases through summer of 2023. The top unit is occupied month to month and will be sold as a furnished unit with exception of a few personal items. The current owner has submitted architectural drawings to the city, and has received comments on next steps to combine the two upper units and convert the basement into a third unit, this will require final city approval and additional work. Completing this process would increase cash flow on the property. This tri-plex has been impeccably renovated and maintained over the years, take the opportunity to make this income producing property yours! Buyer and buyer's agent to verify all information contained in listing.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-09-25T15:38:41.59. 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 should be independently reviewed and verified for accuracy. 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. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.colemererealty.com/homes/133327385
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202 S 800 E Salt Lake City, UT 84102

  • Price: $1,345,000
  • Status: Active
  • On Site: 2 Days
  • Updated: 40 min ago
  • ID#: 1842997
6
Beds
3
Baths
0
½ Baths
0.05
Acres
4,148
SQFT
$324
$/SQFT
1914
Built
Neighborhood:
Plat B
County:
Salt Lake
Area:
Salt Lake City; So. Salt Lake
Elementary School:
Bennion (M Lynn)
Middle School:
Bryant
High School:
East
School District:
Salt Lake
Property Description
Do Not disturb tenants. Situated between downtown Salt Lake City and the University of Utah; this 1914 historic and charming legal tri-plex is the perfect location for consistent rental income and low vacancy rates. Walkable to all the best dining and shopping Salt Lake has to offer, and near a trax stop; making the location ideal for tenants who prefer a walkable neighborhood. The current owner has always been able to attract reliable tenants and has consistently increased rents on all units year over year without a vacancy. This year the building underwent major renovations totaling $170,000 in work with all receipts and ledger available upon request. These renovations included: a new roof, skylights, soffit and facia. All new double paned and aluminum wrapped windows throughout the whole building. The old steam boiler system and piping that previously heated the building was removed and replaced with independent HVAC systems for two lower units and a mini split for the top floor. Old water heaters were removed and replaced with a large instantaneous water heater. All electrical panels and all plumbing were inspected and updated/repaired where accessible and as required. Front entrance stairs and landing were removed and renovated with new floor, handrails, and lighting, as well as two new entry doors. First floor unit was completely renovated and repainted, with new lighting, lifetime replacement warranty blinds, kitchen, a new vent hood and all new kitchen appliances as well as in unit laundry added; with bathroom renovation in 2021. The main floor unit also has the original wood burning fireplace that was cleaned, and inspected. Second floor unit was renovated two years ago including bathroom, kitchen, paint, with in unit laundry added. The top floor unit was completely renovated in 2019, with a refresh this year including new paint, lighting and furnishings. The unfinished basement is currently rented out as storage space, with a washer and dryer for top floor tenant use, and a spare refrigerator. Currently total rents for the building are $5600 per month. First floor: $2,000, Second: $2,000, Attic: $1,300, and $300 for basement which is being used as storage. The two main floor units have leases through summer of 2023. The top unit is occupied month to month and will be sold as a furnished unit with exception of a few personal items. The current owner has submitted architectural drawings to the city, and has received comments on next steps to combine the two upper units and convert the basement into a third unit, this will require final city approval and additional work. Completing this process would increase cash flow on the property. This tri-plex has been impeccably renovated and maintained over the years, take the opportunity to make this income producing property yours! Buyer and buyer's agent to verify all information contained in listing.
Exterior Features

Architectural Style Stories: 3 Attached Garage YN No Carport YN No Construction Materials Brick Construction Status Blt./Standing Covered Spaces 0 Exterior Features BalconyBasement EntranceDeck; CoveredPatio: Covered Frontage Length 74.0 Garage YN No Horse Property YN No Lot Features Corner LotRoad: PavedSidewalksView: Mountain Lot Size Dimensions 74.0X32.0X74.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 0 Patio And Porch Features Covered Pool Private YN No Roof Asphalt RVParking Dimensions 0.00 Spa YN No Topography Corner LotRoad: PavedSidewalksView: Mountain Vegetation Landscaping: Full View Mountain(S) View YN Yes Waterfront YN No

Interior Features

Bathrooms Partial 0 Bathrooms Total 3 Building Area Total 4148 Cooling YN No Fireplace YN No Flooring LaminateTile Heating ElectricForced AirGas: Central Heating YN True Interior Features Range: CountertopRange/Oven: Free Stdng.Dishwasher: Built-In Laundry Features Electric Dryer Hookup Rooms Total 0

Property Features

Association YN No Cross Street 800 Current Use Residential Inclusions DryerRangeRefrigeratorWasher Irrigation Water Rights Acres 0 Lease Considered YN No Listing Terms CashConventional New Construction YN No Ownership Property Owner Property Attached YN No Property Condition Blt./Standing Property Sub Type Triplex Senior Community YN No Sewer Sewer: ConnectedSewer: Public Tax Annual Amount 4022 Utilities Natural Gas ConnectedElectricity ConnectedSewer ConnectedSewer: PublicWater Connected Water Source Culinary Zoning Multi-Family Zoning Description Rmf-35

Listing provided courtesy of Alliance Residential Real Estate Llc: 801-268-2559. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2022 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-09-25T15:38:41.59. 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 should be independently reviewed and verified for accuracy. 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. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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Colemere Realty Associates
9661 South 700
East Sandy UT, 84070