1488 S 400 E 1-4, Salt Lake City

$1,150,000

8 Beds
8 Baths
3,960 Sqft
.22 Acre
0 Garage

Charming Fourplex in Prime Location! Discover this fantastic fourplex nestled in an amazing location right by Liberty Park, with easy access to downtown and Sugarhouse. This property boasts a high rental demand, making it a savvy investment opportunity! All units have been meticulously updated over the past 5-6 years, featuring new carpets, fresh paint, modern appliances, stylish lighting, and renovated bathrooms. Potential for Increased Cash Flow: Current rents are below market rates, offering a significant opportunity to boost your income by adjusting the rent. Tenants handle their own utilities, while the owner covers water, sewer, and garbage services. Each unit is designed in a townhouse style, 2 bedrooms, one bath each complete with a cozy backyard. End units boast larger back and side yards, potentially commanding higher rents. All units are currently tenant-occupied, ensuring immediate rental income. This property is a rare find with its desirable location, modern upgrades, and income potential. Don't miss out on this exceptional investment opportunity! Please Note that there will not be showings without an accepted offer. Thank you!

Essential Information
MLS® #2011561
Price$1,150,000
Bedrooms8
Bathrooms8.00
Square Footage3,960
Acres0.22
Year Built1979
TypeResidential
Sub-TypeQuadruplex
StyleSide By Side
StatusActive
Community Information
Address1488 S 400 E 1-4
AreaSalt Lake City; So. Salt Lake
CitySalt Lake City
CountySalt Lake
StateUT
Zip Code84115
School Information
DistrictSalt Lake
ElementaryHawthorne
MiddleClayton
HighEast
Additional Information
Date ListedJuly 15th, 2024
Days on Market6
Listing Details
AgentLucy Chico
OfficeCentury 21 Harman Realty
Contact Details801-224-2010
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