679 2ND AVE, Salt Lake City, UT

679 2ND AVE, Salt Lake City, UT, 84103

$1,725,000
11 Bedrooms
5,287 sq. ft. Square Feet
1917 Year Built

Description

TURN-KEY investment property in the Avenues! Fully occupied eight-plex. Easy to rent and easy to manage.

Parcel 09-32-353-020 to the west is included in the sale and taxes for that parcel are included in estimated taxes. Scheduled annual rent and tenant paid utility income totals $112,140.00. Tenant's cover ALL utilities.

Eight units: one grand 4 bd. 3 bath two level apartment (lease runs through 10/31/26), one studio/1 bd unit, six studio apartments. 97% occupancy rate, 4.6 CAP.

The grand unit has forced heat, central air, and has been totally remodeled. The studio/1bd. units have FANTASTIC vintage finishes - honeycomb tile, built-ins, AND modern day, economical mini-split heating and A/C.

This building has been meticulously cared for and professionally managed. Do not disturb tenants - no showings prior to an accepted offer. Square footage figures are provided as a courtesy estimate only.

Buyer is advised to obtain independent measurements. Buyer to verify all info.

Property Details

Bedrooms 11
Square Footage 5,287 sq. ft.
Lot Size 8,712 sq ft
Year Built 1917
MLS # 2115644
Property Type Residential

Features & Amenities

  • Central A/C