Report Listing

Home For Sale

$1,095,000

576 W Tiffany Town Dr S
Midvale, Utah, United States

8bd 8ba

Listed By: Realtyww Info

Listed On: 08/25/2024

Listing ID: GL11429348 View More Details

Description

Over $150, 000.00 in total annual gross rents! This remodeled Quad-plex is being sold with it's sister building adjacent to it MLS # 2018818. Both buildings have had 100% occupancy rates. Potential 7%+ CAP Rate with rent increases. All of the units have been renovated and include individual fenced yards. The large common area is also fenced with a long private drive lane behind the complex for secure parking. These are some of the nicest units in the area and the private yards, large common area, and secluded parking have been a major draw for highly qualified tenants. The premises has two security cameras that been monitored via a phone app. The majority of tenants have been in these units for years with annual rent increases. There is still room for additional rent increases at lease renewal. Plenty of common area space to add storage sheds for additional income. This complex has a quaint, friendly feeling to it and the tenants have all been happy and love living here. These quad-plexes are a phenomenal value and are very low maintenance. The rent rolls, copy of leases, and tenant summaries are available upon request. Preferred lender incentives are also being offered. Call the listing agent for more details.

For more details:

Listed by: Jeffrey Callahan
Source: The World Property Journal

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