1463 W 1650 N, Layton

$775,000

8 Beds
4 Baths
3,660 Sqft
¼ Acre
0 Garage

***Do Not Disturb Tenants*** 1463 W 1650 N is a well-located fourplex in the city of Layton, just minutes from Main St and I-15. This 3,660 SF property, built in 1978, offers significant value-add potential. It consists of four 2BD/1BA units, each roughly 915 SF. The property has a newer roof, installed two years ago, and includes 4 covered parking stalls and four storage units in the rear .All the units have long-term tenants on month-to-month leases, and because the tenants have been at the property for a long time, the rents are well below market. The average rent is $1,019/month, while similar units in the area average $1,353, with top 2BD/1BA units exceeding $1,500. Therefore, there is a substantial value-add opportunity by bringing rents to market levels. An investor can also charge for utility reimbursement, storage, and parking.1463 W 1650 N is conveniently located near many retail destinations, including Layton Hills Mall, Hobby Lobby, Lowe's, Target, and Planet Fitness. The popular Lagoon Amusement Park is about 15 minutes south of the property. Layton offers numerous family-friendly recreational activities, including 14 city parks, 6 trails, and 3 reservoirs. This property is ideal for an investor looking to capitalize on a value-add opportunity with below-market rents and long-term tenants.

Essential Information
MLS® #2007382
Price$775,000
Bedrooms8
Bathrooms4.00
Square Footage3,660
Acres0.25
Year Built1978
TypeResidential
Sub-TypeQuadruplex
StyleStories: 2
StatusUnder Contract
Community Information
Address1463 W 1650 N
CityLayton
CountyDavis
StateUT
Zip Code84041
Area

Kaysville; Fruit Heights; Layton

School Information
DistrictDavis
ElementaryLincoln
MiddleNorth Layton
HighLayton
Additional Information
Date ListedJune 25th, 2024
Days on Market2
Listing Details
AgentDavid A Galant
OfficePathway Properties, LLC
Contact Details385-423-8589
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