1895 S 200 E, Salt Lake City, UT


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About 1895 S 200 E

Welcome to this exquisite triplex located in a sought-after neighborhood, offering an exceptional investment opportunity for buyers looking to benefit from rental income. With three separate units, each with its own unique features and rental history, this property could be the next addition to your real estate portfolio. Property Highlights: Location: Situated in a desirable neighborhood, this triplex enjoys easy access to schools, parks, shopping centers, and all essential amenities, making it highly attractive to potential tenants. -Three-Bedroom Basement Unit: The basement unit features three bedrooms and has been rented for $1,525 per month. The current lease extends until July of next year 2024, providing a stable income stream for the foreseeable future. Two-Bedroom Main Floor Unit: The main floor unit boasts two bedrooms and comes fully furnished, making it a prime choice for mid-term rentals. The current lease runs until September 23rd of 2023 at $2,000. Attic Unit: The attic unit offers comfortable living space and is also fully furnished for mid-term rentals. Currently rented out at $1,350 per month, the lease extends until November of 2023, adding to the property's consistent rental income potential. 3D renderings for attic unit: https://my.matterport.com/show/?m=4HxPfnhNZ5v Cosmetic Update: The property has undergone a cosmetic update within the last few years, ensuring that the interior spaces are fresh, modern, and appealing to prospective tenants. This enhancement helps maintain the property's value and reduces the need for immediate renovations. Investment Opportunity: With three well-maintained units, each with reliable tenants and varying lease expiration dates, this triplex presents a remarkable investment opportunity. The diverse rental strategy, combining long-term leases in the basement with mid-term furnished rentals on the main floor and attic, ensures a steady cash flow with the potential for flexibility in the future. Total Rental Income: $1,450 (3-Bed Basement) + $2,000 (2-Bed Main Floor) + $1,350 (Attic) = $4,800 per month Lease Terms: Basement lease ends July of next year 2024, Main Floor lease ends July 31st 2023, and Attic lease ends in November 2023. Additional Benefits: The inclusion of furniture in the Main Floor and Attic units eliminates the need for additional expenses on furnishing, further enhancing the property's appeal to prospective tenants. Don't miss this exceptional opportunity to acquire a profitable triplex in a sought-after location. Whether you're a seasoned investor or an aspiring landlord, this property offers both immediate income and long-term potential. Act fast and schedule your private viewing today! Other remarks: - legal non conforming triplex. - 3 electric meters. - one gas meter which is included in rent. - Square footage figures are provided as a courtesy estimate only and were obtained from measurement from seller. Buyer is advised to obtain an independent measurement. *Seller is willing to pay up to $5,000 towards new windows for a full price offer.

Features of 1895 S 200 E

MLS® # 1890340
Price $719,000
Bedrooms 6
Bathrooms 3.00
Square Footage 2,100
Acres 0.16
Year Built 1952
Type Residential
Sub-Type Triplex
Style Up And Down
Status Under Contract

Community Information

Address 1895 S 200 E
Area Salt Lake City; So. Salt Lake
Subdivision BROADWAY ADD
City Salt Lake City
County Salt Lake
State UT
Zip Code 84115


Utilities Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Is Waterfront No
Has Pool No


Interior Features Basement Apartment
Fireplace No


Construction Brick

School Information

District Salt Lake
Elementary Whittier
Middle Hillside
High Highland

Additional Information

Date Listed July 24th, 2023
Days on Market 65
Zoning Multi-Family
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentBryan Martineau
OfficeRockwood & Company LLC

Listing Map

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