3224 S Verdant Cir, Salt Lake City

$1,000,000

8 Beds
4 Baths
3,332 Sqft
.28 Acre
0 Garage

**Do not disturb tenants** 3222-3224 S Verdant Circle is a spacious value-add duplex located in a prime neighborhood. This well-maintained property, built in 1966, offers significant investment potential. The duplex spans approximately 3,332 SF, with each unit featuring 4BD/2BA, in-unit washers and dryers, and a separate backyard for each unit. The property boasts a large grassy open space on the west side, providing an excellent area to enjoy outdoor activities. This appealing outdoor space enhances the property's attractiveness to potential renters. Currently, rents at 3222-3224 S Verdant Circle are well below market rates. A new owner has the potential to significantly increase the NOI by renovating the property and adjusting rents to market levels. Additionally, by implementing utility reimbursement charges, the NOI can be further maximized. The property is ideally situated, providing convenient access to various amenities and services, making it a desirable location for tenants. This property represents an excellent opportunity for investors looking to capitalize on below-market rents and long-term growth potential.

Essential Information
MLS® #2012376
Price$1,000,000
Bedrooms8
Bathrooms4.00
Square Footage3,332
Acres0.28
Year Built1966
TypeResidential
Sub-TypeDuplex
StyleOther/See Remarks
StatusActive
Community Information
Address3224 S Verdant Cir
AreaSalt Lake City; Ft Douglas
SubdivisionVERDANT HEIG
CitySalt Lake City
CountySalt Lake
StateUT
Zip Code84109
School Information
ElementaryNone/Other
MiddleNone/Other
HighNone/Other
Additional Information
Date ListedJuly 18th, 2024
Days on Market3
Listing Details
AgentDavid A Galant
OfficePathway Properties, LLC
Contact Details385-423-8589
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