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Property profile & analytics
OFF-MARKET
Residential income homes

2544 200 South Salt Lake, UT 84115

1,156 SF 0.15 ac lot Built 1950
Property ID
US86-0451329
Property summary
AI-generated overview

Exceptional investment opportunity in South Salt Lake, Utah, presents a well-maintained, two-unit multifamily property ideally suited for both seasoned and novice investors. This 1,156 square foot duplex, situated on a 0.15-acre lot at 2544 S 200 E, boasts a desirable location near State Street and I-215, ensuring high tenant demand. The property, built in 1950 and renovated 15 years ago, currently enjoys 100% occupancy with both units featuring three bedrooms. Each unit commands a price of $240,000, totaling an asking price of $480,000. The property includes a detached two-car garage, offering additional rental potential. Current tenants are under six-month leases, providing an immediate income stream with significant upside potential for rental increases. The seller is motivated due to a 1031 exchange and is seeking a swift transaction. This turnkey investment requires no immediate capital expenditures, making it an attractive opportunity for immediate return. The property's Class C designation reflects its solid condition and potential for appreciation. The property's APN is 16-19-307-016. Serious inquiries only; please submit Letters of Intent prior to scheduling showings to respect tenant privacy.

Property profile
Verified
Property type Residential income homes
Year built 1950
Total area 1,156 SF
Lot 0.15 ac (6,534 SF)
APN 16-19-307-016
UPID US86-0451329
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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