3224 S Verdant Cir, Salt Lake City, UT

$890,000

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8

Beds

4

Baths

3,332

Square feet

0.28

Acres

About 3224 S Verdant Cir

**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 seller is willing to finance $150,000 to $200,000 of the purchase price, allowing the buyer to obtain a traditional loan with supplemental seller financing to bridge the gap.'" 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.

Features of 3224 S Verdant Cir

MLS® # 2012376
Price $890,000
Bedrooms 8
Bathrooms 4.00
Square Footage 3,332
Acres 0.28
Year Built 1966
Type Residential
Sub-Type Duplex
Style Other/See Remarks
Status Active

Community Information

Address 3224 S Verdant Cir
Area Salt Lake City; Ft Douglas
Subdivision VERDANT HEIG
City Salt Lake City
County Salt Lake
State UT
Zip Code 84109

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

School Information

Elementary None/Other
Middle None/Other
High None/Other

Additional Information

Date Listed July 18th, 2024
Days on Market 53
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDavid A Galant
OfficePathway Properties, LLC
Contact Info385-423-8589

Listing Map

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