3224 S VERDANT CIR Pending Save Request In-Person Tour Request Virtual Tour
Salt Lake City,UT 84109
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,332 sqft
Price per Sqft $238
Subdivision Verdant Heig
MLS Listing ID 2012376
Style Other/See Remarks
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1966
Annual Tax Amount $3,484
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 0.0x0.0x0.0
Property Description
**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.
Location
State UT
County Salt Lake
Area Salt Lake City; Ft Douglas
Interior
Fireplace No
Exterior
Waterfront No
View Y/N No
Present Use Residential
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Senior Community No
Tax ID 16-27-306-004