Remodeled Condo in 55+
3674 S 860 E ST 46 Salt Lake City, UT 84106
3674 S 860 E ST 46, Salt Lake City, UT, 84106
$375,000
Pending
For Sale
$375,000
Pending
Remodeled condo in desirable 55+ community with new amenities.
Property Size1,288 SF
Lot Size0.01 Acres
Days on Market618
Property Features for 3674 S 860 E ST 46
General Information
- Standard status
- Pending
- Size
- 1,288 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1962
Listing Agency
Tagge Real Estate Group
(801) 755-8031
Listed by
Thayne Tagge · License #5483866
(801) 755-8031
Source
Exitrealty
Added: Nov 7, 2024 Checked: Apr 6 at 3:26 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tagge Real Estate Group
Investment Insights
Based on property information with market context.
This completely remodeled condo features granite countertops and engineered wood floors. Located in the Capri Park 55+ community, the property benefits from a brand new pool and clubhouse. Both bathrooms have been remodeled with custom vanities, tiled showers, and tiled floors. New light fixtures and can lights provide a warm and inviting atmosphere. The unit includes one carport parking stall with storage, conveniently located steps from the condo. Outdoor storage is available in sheds off one patio. The property size is approximately 1288 square feet.
Key Highlights
- Completely remodeled condo with granite countertops and engineered wood floors
- Most desirable unit at Capri Park
- 55+ community with brand new pool & clubhouse
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.6k | $23.76 |
| − Vacancy | −$1.6k | −$1.24 |
| EGI | $29.0k | $22.52 |
| − OpEx | −$13.1k | −$10.14 |
| NOI | $16.0k | $12.39 |
1,288 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.0K
$303.6K – $404.8K
NOI $24,290 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Remodeled condo in desirable 55+ community with new amenities.
Where is this residential income property located?
The property is located at 3674 S 860 E ST 46 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Completely remodeled condo with **granite countertops and engineered wood floors**; Most desirable unit at Capri Park; 55+ community with **brand new pool & clubhouse**
