Description
Great opportunity for a "New" construction 5-Plex. Property is already zoned for RM-20 which allows for up to 20 units per acre. The property has four plexes directly to the north and east of it. The existing home is in great shape and is currently rented month to month for $2,000.00 per month. Collect rent the entire time while you get your plans approved and your contstruction financing lined up. Current tenant has been in the home for over 7 years and plans to stay long term. The property qualifies for long-term 30 year conventional loan financing. Zoning would allow for a duplex conversion of the current home with city approval of improvements. The preliminary plans are attached in the documents. They reflect a 3-story 5-plex with required parking needs met. Please no showing requests until we have offers in hand. Serious buyers only please. This is a great opportunity to get into the multi-housing market.
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4BEDS
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0.27ACRES
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3BATHS
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01/2 BATHS
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10,100SQFT
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$52$/SQFT
School Information
Description
Great opportunity for a "New" construction 5-Plex. Property is already zoned for RM-20 which allows for up to 20 units per acre. The property has four plexes directly to the north and east of it. The existing home is in great shape and is currently rented month to month for $2,000.00 per month. Collect rent the entire time while you get your plans approved and your contstruction financing lined up. Current tenant has been in the home for over 7 years and plans to stay long term. The property qualifies for long-term 30 year conventional loan financing. Zoning would allow for a duplex conversion of the current home with city approval of improvements. The preliminary plans are attached in the documents. They reflect a 3-story 5-plex with required parking needs met. Please no showing requests until we have offers in hand. Serious buyers only please. This is a great opportunity to get into the multi-housing market.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-03-27T23:37:44.023. 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.