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    3153 W 3650 S

    West Valley City, UT 84119
    • $2,600,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: 1735950
    UPDATED: 29 min ago
    $2,600,000
    • 24
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,776
      SQFT
    • $241
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    $163K in gross annual rents -and rents are low! This AMAZING 12-plex is actually three adjacent 4plexes, each with SEPARATE Tax ID numbers so you DO NOT NEED COMMERCIAL FINANCING!Get conventional financing for improved cash flow!Seller desires to sell all 3 buildings as a package.The east building (3153 W) has had all 4 units remodeled and has a 2-car garage (rents for $225/month), a 1-car garage (rents for $100/month), and 3 Storage units that rent for ($35/month).Tenants in this building pay a utility fee for gas and hot water.The middle building (3167-3169 W) has had 2 of the 4 units remodeled and has 4 carports (rent for $30-35/month).Tenants in this building pay a utility fee for gas and hot water.The west building (3185-3191W) has not been remodeled yet but one of the tenants has moved out and it is ready for remodel.The tenants in this building have separate gas meters.Due to COVID we did not increase rents in 2020 for most of the 12 units so rents are well-below market rates.In 2021 we started implementing a utility and common-area maintenance (CAM) recapture fee charged to each of the 12 units upon lease renewal which will significantly improve cash flow.This is an AMAZING property that can perform even better!Buyer to verify all. Square footage figures are provided as a courtesy estimate only and were obtained from county records and estimate.Buyer is advised to obtain an independent measurement.Agents: Please see attached site plan for building orientation and additional details -or contact listing agent.

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-05-06T19:37:38.25. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.lancegrouphomes.com/homes/116182212
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    3153 W 3650 S West Valley City, UT 84119

    • Price: $2,600,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 1735950
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    10,776
    SQFT
    $241
    $/SQFT
    1962
    Built
    Neighborhood:
    Magna; Taylrsvl; Wvc; Slc
    County:
    Salt Lake
    Area:
    Magna; Taylrsvl; Wvc; Slc
    Elementary School:
    Pioneer
    Middle School:
    West Lake
    High School:
    Granger
    School District:
    Granite
    Property Description
    $163K in gross annual rents -and rents are low! This AMAZING 12-plex is actually three adjacent 4plexes, each with SEPARATE Tax ID numbers so you DO NOT NEED COMMERCIAL FINANCING!Get conventional financing for improved cash flow!Seller desires to sell all 3 buildings as a package.The east building (3153 W) has had all 4 units remodeled and has a 2-car garage (rents for $225/month), a 1-car garage (rents for $100/month), and 3 Storage units that rent for ($35/month).Tenants in this building pay a utility fee for gas and hot water.The middle building (3167-3169 W) has had 2 of the 4 units remodeled and has 4 carports (rent for $30-35/month).Tenants in this building pay a utility fee for gas and hot water.The west building (3185-3191W) has not been remodeled yet but one of the tenants has moved out and it is ready for remodel.The tenants in this building have separate gas meters.Due to COVID we did not increase rents in 2020 for most of the 12 units so rents are well-below market rates.In 2021 we started implementing a utility and common-area maintenance (CAM) recapture fee charged to each of the 12 units upon lease renewal which will significantly improve cash flow.This is an AMAZING property that can perform even better!Buyer to verify all. Square footage figures are provided as a courtesy estimate only and were obtained from county records and estimate.Buyer is advised to obtain an independent measurement.Agents: Please see attached site plan for building orientation and additional details -or contact listing agent.
    Exterior Features

    Architectural Style Stories: 2 Attached Garage YN No Carport Spaces 4 Carport YN Yes Construction Materials Brick Construction Status Blt./Standing Covered Spaces 7 Frontage Length 0.0 Garage YN Yes Horse Property YN No Lot Features Road: PavedSprinkler: Auto-Full Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking Spaces 0 Open Parking YN Yes Other Equipment Storage ShedsWindow Coverings Parking Features CoveredParking: Uncovered Parking Total 7 Pool Private YN No Roof FlatRubber Spa YN No Topography Road: PavedSprinkler: Auto-FullTerrainFlat Vegetation Landscaping: Full View YN No Waterfront YN No

    Interior Features

    Above Grade Finished Area 0 Basement Finished Percentage 0 Bathrooms One Quarter 0 Bathrooms Partial 0 Building Area Total 10776 Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring CarpetLaminateTileVinyl Heating Gas: CentralHot Water Heating YN True Main Level Bedrooms 0 Rooms Total 0 Window Features Blinds

    Property Features

    Association Fee 0 Association YN No Capitalization Rate 0 Cross Street 3650 Current Use Residential Inclusions Ceiling FanDryerMicrowaveRangeRange HoodStorage ShedsWasherWindow Coverings Irrigation Water Rights Acres 0 Lease Amount 0 Lease Considered YN No Listing Terms See RemarksCashConventional New Construction YN No Number Of Pads 0 Number Of Units Leased 0 Power Production Solar Year Install 0 Property Attached YN No Property Condition Blt./Standing Property Sub Type > 4 Units Senior Community YN No Sewer Sewer: Connected Tax Annual Amount 3806 Utilities Natural Gas ConnectedElectricity ConnectedSewer ConnectedWater Connected Water Source Culinary Zoning Multi-Family

    Listing provided courtesy of Jordan Real Estate. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2021 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-05-06T19:37:38.25. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
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