261 REDWOOD RD #1, Salt Lake City, UT

261 REDWOOD RD, Salt Lake City, UT, 84116

$1,700,000
4 Bedrooms
2,800 sq. ft. Square Feet
1950 Year Built

Description

4 Plex + Land Great development opportunity. 0.94 Acres. The value of this property is in the land for developing new homes or apartments.

There are two different entryways to the property, one off of Redwood Road and the other off of Gemini Street. Great investment for 26 or more New townhomes to be built. There is a four-plex on the front of the land that brings in a monthly cash flow of around $4,000.

Bring your builder, great location close to Trax. Figures are provided as a courtesy estimate only; the Buyer is advised to obtain independent measurements. DO NOT DISTURB TENANTS!!

Seller is participating in a 1031; cooperation is requested. Broker/Agent Owned

Property Details

Bedrooms 4
Square Footage 2,800 sq. ft.
Lot Size 40,946 sq ft
Year Built 1950
MLS # 2105973
Property Type Residential

Features & Amenities

  • New Construction