158 Downington Ave Salt Lake City, UT 84115

Property Details for 158 Downington Ave

Year built

1907

Lot size

0.15 lot acres

Property size

832 SF

Property type

Residential income homes

Description

This mixed-use multifamily property, located at 158 Downington Ave S, Salt Lake City, UT 84115, presents a compelling value-add investment opportunity. The property encompasses 832 square feet on a 0.15-acre lot and was built in 1907. Currently configured as a two-bedroom house with a potential studio apartment, the main house is largely renovated and rent-ready, featuring an updated kitchen and bathroom, a newer water heater, durable clay tile roofing, epoxy flooring, and a stamped concrete driveway. A covered patio with a vaulted awning provides an outdoor entertaining space. The property also includes a fully fenced yard with mature fruit trees (apple, apricot, and cherry) and a relaxing water feature. A detached single-car garage is also present. A significant bonus is a separate building, currently used as additional living space, which with minimal renovation could become a second, nearly equal-sized rental unit. This area has its own street access and patio. The property is conveniently located a few blocks from Salt Lake Community College, three miles from downtown Salt Lake City, and four miles from the University of Utah. Easy access to I-15 and I-80 is also a key advantage. While utilities are not currently separated, the property offers substantial potential for increased rental income through relatively straightforward renovations. The property is sold AS IS. The asking price is $379,900, with an estimated after-renovation value exceeding $450,000. Some minor repairs are needed, including replacing a section of cement and potentially replacing the garage door. The square footage provided is an estimate and does not include the bonus building.