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712 W Wasatch St
Midvale, Utah 84047
Subdivision: CARRIGANMap to this property Satellite Image of this property
11 bedrooms 8 bathrooms
Built in 1969 5248 square feet
MLS number: 1021094Virtual Tour
Listed at: $454000
THIS 8 PLEX IS BEING SOLD BY TERRILEE FITZ @ EQUITY REAL ESTATE
Priced reduced and Seller is highly motivated! Will look at all offers!
With Selling Price of $454,000, Price Per Door Comes to $56,750
Actual Rental Income: $51,900
Gross Operating Income: $53,280
NOI: $ 35,061
8% Cap Rate
Coin Laundry – Extra income of $1,380 a year
Total Income with laundry $4440/month or $53,280/annual
100% occupied with yearly leases. Long term tenants, one tenant has been renting for 14 years!
* 3 two bedroom apartments. Each approximately 750 sq ft. Rented for $600/month.
*5 one bedroom apartments. Each approximately 600 sq ft. Rented for $500-$525/month.
Beautifully maintained 8-units. New Boiler in 2004. All new windows (aprox. 6 years old), most new stoves, fridge and carpet. Additional Coin-Op laundry for extra Income. Rents haven’t been raised in years, and there are Lots of ways to increase rental cash flow!
MOTIVATED SELLER – PRICE IS NEGOTIABLE IF BUYER PROVIDES OWN FINANCING OR
SELLER WILL CARRY WITH 20% DOWN FOR 3-4 YEARS WHICH WOULD BRING IT TO A 9% CAP RATE.
· Part time on site manager
· Three 2 bedroom apartments
· Five 1 bedroom apartments
· Boiler: new pumps
· Beautifully maintained
· Coined laundry for extra income: Web
· 100% Occupied
· Well Maintained
· Yearly Lease
· Text the number 48068 to 79564
· 8% Cap Rate
If need assistance with lending info, contact Joe Mardesich (801-822-6301) to prequalify.
Terrilee Fitz Associate Broker/GRI/CDPE/ARC/ABR
Call/Email/TEXT, I'm only a click away: No Hype, No Pressure, Just Results!
FOR MORE INFORMATION ON THIS PROPERTY GO TO:
It also can be used for texting, TEXT "48068" to 79564,
or TEXT "info 48068" to 79564,
or TEXT "eProp 48068" to 79564