Description
Although presently rented as apartments, units were constructed as condo units with individual parcel ID numbers. 20 separate units, each with: 3 bedrooms, 1 bathroom Individual ownership potential - units are structurally and legally set up for separate condominium conversion. Distinct utilities per unit for seamless transition to individual ownership or rentals. In-unit laundry hookups (washer and dryer ready). Central heating and air conditioning for tenant comfort. Dual parking: one covered and one uncovered stall per unit. Low-hassle Income Producer: Strong rental history with excellent occupancy - reliable cash flow potential. Ideal for a condo-conversion strategy: New owner could establish an HOA and sell units individually, or continue as turnkey rentals. Tax-Smart Opportunity: 1031 Exchange Eligible Perfect for investors looking to defer capital gains taxes through a 1031 tax-deferred exchange. Timing-sensitive - potential for rapid closing with proper Qualified Intermediary setup. Why It Stands Out: Investor-flexible design: Easily manage as a single asset or subdivide into individual condo units. Turnkey-ready systems: Utilities, HVAC, and parking are already broken out per unit, saving conversion hassle. Strategic tax advantages: Eligibility for a 1031 exchange makes it a powerful tool for portfolio growth and tax deferral.
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60BEDS
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0.97ACRES
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0BATHS
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01/2 BATHS
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21,560SQFT
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$209$/SQFT
School Information
Description
Although presently rented as apartments, units were constructed as condo units with individual parcel ID numbers. 20 separate units, each with: 3 bedrooms, 1 bathroom Individual ownership potential - units are structurally and legally set up for separate condominium conversion. Distinct utilities per unit for seamless transition to individual ownership or rentals. In-unit laundry hookups (washer and dryer ready). Central heating and air conditioning for tenant comfort. Dual parking: one covered and one uncovered stall per unit. Low-hassle Income Producer: Strong rental history with excellent occupancy - reliable cash flow potential. Ideal for a condo-conversion strategy: New owner could establish an HOA and sell units individually, or continue as turnkey rentals. Tax-Smart Opportunity: 1031 Exchange Eligible Perfect for investors looking to defer capital gains taxes through a 1031 tax-deferred exchange. Timing-sensitive - potential for rapid closing with proper Qualified Intermediary setup. Why It Stands Out: Investor-flexible design: Easily manage as a single asset or subdivide into individual condo units. Turnkey-ready systems: Utilities, HVAC, and parking are already broken out per unit, saving conversion hassle. Strategic tax advantages: Eligibility for a 1031 exchange makes it a powerful tool for portfolio growth and tax deferral.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-11-18T12:40:33.503. 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.