2544 200 South Salt Lake, UT 84115
- Residential income homes
- 1,156 SF
- 0.15 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2544 200
- Year built
- 1950
- Lot size
- 0.15 lot acres
- Property size
- 1,156 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
- APN
- 16-19-307-016
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Salt Lake
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.88539733107
- Latitude
- 40.715149182505
