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Terrilee Fitz

Realtypath Associate Broker

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712 W Wasatch St
Midvale, Utah 84047
Subdivision: CARRIGAN

Map to this property    Satellite Image of this property


11 bedrooms 8 bathrooms
Built in 1969   5248 square feet
MLS number: 1021094
Virtual 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

Expenses: $18,219

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! 
Web www.sell4utah.com

 

FOR MORE INFORMATION ON THIS PROPERTY GO TO:

http://712wwasatchst.epropertysites.com/


It also can be used for texting, TEXT "48068" to 79564,
or TEXT "info 48068" to 79564,
or TEXT "eProp 48068" to 79564

 



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