3678 S 500 E, Salt Lake City

$2,590,000

24 Beds
16 Baths
13,500 Sqft
.98 Acres
0 Garages

Recent price improvement. Unique opportunity to own 10 rental units right in the heart of SLC. WELL-LOCATED 5-Duplex property with 1 duplex configured 1750 sqft 4bed/2bath and 4 duplexes configured 1250 sqft 2/bed/1.5bath. Potential to raise rents. Zero deferred maintenance due to proactive owner. Fully occupied. Owner has kept rents low to keep long-term tenants. **Recent Capital Improvements include: Repaved parking, curbing, new decks, updated kitchens & baths, new furnaces. Well maintained units offers probable growth levels of cash-flow and appreciation, with minimal foreseeable capital expenditures. Additional features: covered parking, central air, remodeled kitchens with new appliances, cabinets, and granite countertops. ***ALL 10 INDIVIDUAL UNITS ARE SEPARATELY PLATTED AS "GRANITE CONDOMINIUMS." *** SEE ALSO ATTACHED SUMMARY OVERVIEW, RENT ROLL, & OVERHEAD PARCEL VIEW***

Essential Information
MLS® #1643008
Price$2,590,000
Bedrooms24
Bathrooms16.00
Square Footage13,500
Acres0.98
Year Built1977
TypeMulti-Unit
Sub-Type> 4 Units
Style2 - Story
StatusActive
Community Information
Address3678 S 500 E
AreaSalt Lake City; So. Salt Lake
NeighborhoodGRANITE DUPLEXES
CitySalt Lake City
CountySalt Lake
StateUT
Zip Code84106
Amenities
FeaturesRange, Refrigerator
Parking Spaces6
Utilities

Gas: Connected, Power: Connected, Sewer: Connected, Water: Connected

Garages

Parking: Covered, Parking: Uncovered

Interior
HeatingForced Air
Exterior
WindowsBlinds
RoofAsphalt Shingles
Lot Description

Curb & Gutter, Road: Paved, Sprinkler: Auto-Full, Terrain: Flat, Private

School Information
DistrictGranite
ElementaryLincoln
MiddleGranite Park
HighCottonwood
Additional Information
Date ListedNovember 20th, 2019
Days on Market130
ZoningMulti-Family
Listing Details
OfficeSelect Group Realty LLC
Property History
Price Reduced from $2,640,000 to $2,590,000
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Listing information last updated on March 29th, 2020 at 6:20pm MDT.