7484 2300 Cottonwood Heights, UT 84121

Property Details for 7484 2300

Year built

2004

Lot size

0.41 lot acres

Property size

14,656 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents two luxurious, three-story duplexes nestled in Cottonwood Heights, Utah. Boasting a total of 14,656 square feet across two buildings, this Class A property features four units, each offering high-end finishes including knotty alder cabinets, granite countertops, imported tile, steam showers, jetted tubs, and two en-suite bathrooms. Each unit also includes an elevator, catering to ADA needs. The property sits on a 0.41-acre lot and provides eight parking spaces (two per unit). Currently operating at 75% occupancy, the property generates a Net Operating Income (NOI) of $175,200, resulting in a 5.48% cap rate. The asking price is $3,200,000, or $800,000 per unit. The property is zoned R2-8 and offers potential for vacation rental zoning (buyer to obtain necessary permits and approvals). Built in 2004, this property presents a compelling investment opportunity, with the potential for long-term rental income or subdivision and individual sale as townhomes. The owner's unit is currently rented for $3,800 per month and is available for owner-occupancy if desired. Similar townhomes in the area are selling for over $850,000. Stunning mountain and city views complete this remarkable offering. Do not disturb occupants. Seller financing is not available.