2318 W 3650 S, West Valley City, UT 84119

$850,000
6
BD
4
BA
3,170
SqFt

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List Price
$850,000
Status
ACTIVE
MLS#
2186163
Days on Market
0
Year Built
1964
Bedrooms
6
Bathrooms
4
Square Feet
3,170
Parcel Number
15-33-227-009
Acres
0.26
Terms
Cash, Conventional, VA Loan
County
Salt Lake
Region
Magna; Taylrsvl; WVC; SLC
Subdivision
Todd Villa

Property Description

Rare opportunity to own an exceptionally well-maintained, one-owner fourplex in a convenient West Valley City location! Offered at an approximate 4.6% cap rate, this custom-built property combines quality Mid-Century construction, a strong rental history, desirable tenant amenities, and significant recent improvements. Situated on a quiet dead-end street, the unit mix includes two 2-bedroom units and two 1-bedroom units. What truly sets this property apart are the features tenants value most: large private yards and patios, oversized individual storage units, garage and covered parking, and a quiet residential setting. The property includes a 2-car garage, 2-car carport, and four storage units. Convenient access to I-215, Hwy 201, Valley Fair Mall, Costco, the Maverik Center, shopping, dining, and downtown West Valley City adds to its strong rental appeal. Historically, the units have been extremely easy to rent with little to no downtime between tenants. The longtime owner has also completed numerous significant improvements, helping reduce near-term capital expenditures. Updates include a newer roof, newer windows and sliding doors, new garage doors, new HVAC system in Unit 2, two new water heaters, nearly all new washers and dryers, updated flooring, new landscaping, gutters, and fresh exterior paint. With an approximate 4.6% cap rate, strong rental history, desirable tenant amenities, extensive improvements, and additional rental upside potential, this is a compelling opportunity for an investor looking for a well-cared-for fourplex in an established and highly accessible location. Showings by appointment only on Saturdays between 10:00 AM and 2:00 PM.

Additional Information

Taxes
$4,966
Exterior Features
Double Pane Windows, Lighting, Patio: Covered, Porch: Open, Sliding Glass Doors, Storm Doors, Patio: Open
Interior Features
Disposal, Range/Oven: Free Stdng., Vaulted Ceilings
Floor
Carpet, Laminate, Tile
Garage Spaces
2
Heating
Gas: Central, >= 95% efficiency
Roof
Asphalt, Rubber
School District
Granite
Elementary School
Granger
Middle School
Eisenhower
High School
Granger
Style
Stories: 1
Living Area
3,170

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Calculator source: Real Geeks

Listing courtesy of Utah Real Estate PC.

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