Price Reduction - Eco Friendly
Address
270 E 5100 S Washington Terrace, UT
Price
$ 878,860
Property Attributes
  • MLS#1743124
  • TypeMulti-Family
  • CountyWEBER
  • CityWashington Terrace
  • AreaOgdn
  • NeighborhoodU S SURVEY
  • Zip84405
  • StyleSide By Side
  • Year Built1975
  • Taxes$ 3711
  • Price$ 878,860
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage5200
  • Lot Size0.37 Acres
Listing Provided Courtesy Of:
Troika Real Estate
Data Source:
Wasatch Front Regional MLS - Salt Lake Board of Re
Property Description

Once in a lifetime opportunity to buy an extremely profitable real estate rental business. This is not a typical duplex; it is a gorgeously remodeled, nightly rental business that cash flows an average of $5,500 over the last 12 months ($3,900 a month from nightly rentals and $1,625 from the long-term tenants with a corporate lease). Long-term tenant's lease ends in September but they have asked for an additional two year lease. With a gross operating income of $66,000 a year, at a 32.5% expense ratio, this property offers a 5.1% cap rate! Owners currently manage the property themselves and have an expense ration in the low 20 percent range. Even with 8-10% property management fee this investment pays a higher return than other investments in the area. To add to the attractiveness of this property, the furnishings in the nightly rental will be sold with the property. If you want to invest in real estate and buy a successful business at the same time, this property is for you! This legal nightly rental boasts a 5-star VRBO rating, a newer roof (2015) and water heaters (2016 and 2020), a fully fenced yard-includes mature fruit and walnut trees, a basketball court, oversized 4-car garage which could be rented separately for RV or boat storage-increasing your already amazing cashflow. Nestled in a quiet neighborhood, this energy efficient property is close to nearby universities, business centers, ski resorts, and outdoor activities; providing your guests with a luxurious, comfortable and refined experience. Square footage figures are provided as a courtesy estimate only and were obtained from owner. Buyer is advised to obtain an independent measurement.

Elementary School Middle School High School
Roosevelt Elementary School T. H. Bell Middle School Bonneville High School
Price History
5/20/2021 Listed $911,000
6/2/2021 4% - $878,860

General Features

Architectural Style Side By Side
Association Y/N No
Attached Garage No
Carport Y/N No
Construction Materials Brick
Current Use Residential
Elementary School District Weber
Exterior Features Deck; Covered, Double Pane Windows, Walkout
Flooring Carpet, Tile
Garage Spaces 4.0
Garage Y/N Yes
Heating Forced Air
High School District Weber
Home Warranty Y/N No
Lease Considered Y/N No
MLS Area Ogdn; W Hvn; Ter; Rvrdl
Middle/Junior School District Weber
New Construction No
Open Parking Spaces 4.0
Other Structures Workshop
Parking Features Rv Parking
Private Pool No
Property Attached Y/N No
Property SubType Duplex
Property Type Residential
Roof Asphalt
Senior Community Y/N No
Sewer Sewer: Connected, Sewer: Public
Standard Status Active
Subdivision Name U S SURVEY
Tax Annual Amount 3711.0
Topography Curb & Gutter, Fenced: Full, Sidewalks, Sprinkler: Auto-Full
Total Units 2
Utilities Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Year Built 1975
Zoning Multi-Family, Short-Term

Interior Features

Air Conditioning Y/N No
Fireplace Y/N No
Heating Y/N Yes
Living Area 5200.0
Window Features Blinds, Plantation Shutters

Exterior Features

Building Area Total 5200.0
Covered Spaces 4.0
Frontage Length 150.0
Horse Y/N No
Lot Dimensions 150.0x0.0x0.0
Lot Features Curb & Gutter, Fenced: Full, Sidewalks, Sprinkler: Auto-Full
Lot Size Acres 0.37
Lot Size Area 0.37
Lot Size Square Feet 16117.2
Lot Size Units Acres
Open Parking Y/N No
Otherequipment Basketball Standard
RV Parking Dimensions 40
Spa No
Total Parking 8.0
Vegetation Fruit Trees, Landscaping: Full, Mature Trees
View Y/N No
Water Source Culinary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 84405

Price
AVG $570K
$880K
Taxes
AVG $2,460
$3,711
Visits
AVG 49
43
Year Built
AVG 1959
1975

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