Great fourplex in downtown Salt Lake City location with immediate upside and clean renovations throughout. The property was previously generating $5,214 per month across all four units prior to Unit #1 becoming vacant - creating a turnkey move-in or lease-up opportunity for the next owner. Unit #1 has been… Read More fully refreshed with new LVP flooring, fresh paint, an updated bathroom vanity, and brand new stainless steel appliances. Re-leasing Unit #1 brings the property right back to its prior income on day one. All units are one bed, one bath with a full kitchen, and every unit has been renovated with new kitchens, updated LVP flooring, fresh interior paint, and modern light fixtures - creating a cohesive, turnkey feel that appeals to tenants and supports long-term performance. The exterior has seen significant improvements as well, including new windows, shutters, updated paint, new rain gutters, and refreshed landscaping. Operations are straightforward with separately metered power and gas for each unit, an off-street parking lot in the rear, and an on-site coin-operated washer and dryer providing additional variable income. Lease expirations are staggered across April, June, and August - offering a clear path to gradually optimize rents over time. Zoned RMF-35 and ideally positioned near the Ballpark redevelopment area, the property sits just minutes from downtown with quick access to major freeways, dining, and entertainment. Whether you're an investor looking to stabilize a nearly full asset or an owner-occupant ready to live in a freshly remodeled unit while the others cover your mortgage - opportunities like this don't come around often. Showings of Unit #1 are available now. Occupied units will be shown upon an accepted offer. Please do not disturb tenants. Buyer to verify all information. One of the owners is a licensed real estate agent. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Read Less
Courtesy of Kaeden A Faulkner, Doorstep Realty LLC 801-699-1318
Listing Snapshot
Days Online
75
Last Updated
Property Type
Quadruplex
Beds
4
Square Ft.
2,000
Lot Size
0.1 Acres
Year Built
1897
MLS Number
2147286
Additional Details
Building
Architectural Style: Stories: 2, Building Area Total: 2000, Living Area: 2000, Living Area Units: Square Feet, Year Built: 1897
Property
Current Use: Residential, Parcel Number: 15-12-427-023, Property Condition: Blt./Standing, Property Sub Type: Quadruplex, Property Type: Residential, Vegetation: Landscaping: Full
Exterior Features
Exterior Features: Lighting, Porch: Open, Patio And Porch Features: Porch: Open
Floors
Flooring: Carpet, Tile
Lot
Lot Size Acres: 0.1, Lot Size Area: 0.1, Lot Size Dimensions: 0.0x0.0x0.0, Lot Size Square Feet: 4356, Lot Size Units: Acres
Garage
Open Parking YN: t
Parking
Parking Features: Parking: Uncovered
Taxes
Tax Annual Amount: 2998
Utilities
Utilities: Natural Gas Connected, Electricity Connected, Sewer: Public, Water Connected
Windows
Window Features: Blinds
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