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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,921 sqft
Price per Sqft $325
Subdivision Plat F
MLS Listing ID 1741878
Sold Date 07/07/21
Style Other/See Remarks
Bedrooms 4
Construction Status Blt./Standing
HOA Y/N No
Year Built 1914
Annual Tax Amount $3,087
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 0.0x0.0x0.0
Property Description
4-PLEX PLUS BARBERSHOP - Rare Mixed Use! Rental figures include the annual average of $24,000 gross from Barber receipts (not including 2020 numbers due to shop being closed due to COVID). All 4 apartment units are 1BD/1BA. Some long-term tenants are not at current market value (One tenant has been in building for 30 years). Leases: Unit 1-month to month (30 year tenant - market rent should be 1350-1450/mth); Unit 2-lease end Oct 31, 2021; Unit 3 month to month (4year tenant); Unit 4 lease end April 30, 2022 (6 yr tenant and does yard/snow for $50 off) Unique opportunity to own a small business, lease the shop space out, or talk to city and see what else can be done. Additional .04 acre parcel (tax ID 16-05-455-018-0000) used for barber shop parking in back to be included in sale. Parking passes available as well. DO NOT DISTURB TENANTS. Offer subject to inspection. Basement below shop has bathroom, storage and boiler and is not included in square footage. Square footage figures are provided as a courtesy estimate only and were obtained from appraisal (county includes basement) . Buyer is advised to obtain an independent measurement. Property type: retail mixed/fourplex per tax records - Buyer to verify all zoning. Square footage figures are provided as a courtesy estimate only and were obtained from appraisal. Buyer is advised to obtain an independent measurement. No laundry onsite (large storage off unit 1 has separate entrance and could house a laundry potentially).
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning See Remarks
Interior
Heating See Remarks
Flooring Carpet, Hardwood, Tile
Fireplace false
Exterior
Exterior Feature Lighting, Porch: Open
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Sprinkler: Auto-Full
Porch Porch: Open
Total Parking Spaces 8
Private Pool false
Building
Lot Description Curb & Gutter, Sprinkler: Auto-Full
Faces North
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick,Concrete
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Bennion (M Lynn)
Middle Schools Bryant
High Schools East
School District Salt Lake
Others
Senior Community No
Tax ID 16-05-476-002
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Other
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Bought with Realtypath LLC (Platinum)
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Kelli Stoneman
Broker Associate | License ID: 5656390-AB00
Broker Associate License ID: 5656390-AB00