Description
Rarely available historic 4-plex on the best street in the Marmalade! Located just a few blocks north of Temple Square and City Creek, and two blocks west of the Capitol dome. This gorgeous property was built originally as a multi-family home in 1906 and is not a converted house. This means each unit has a dedicated entrance and layouts that make sense. All units retain their historic charm with original moldings, hardwood floors, 9' ceilings, exposed brick walls, claw-foot tubs, etc. There is no carpet or vinyl to maintain. Additional features include new electrical services, wiring, and ceiling can lights, new high-efficiency furnaces with ducted AC, new plumbing, new interior and exterior paint, multiple decks with both city and mountain views, a shared back patio with fenced yard and garden areas, and three off-street parking spaces. Three of the four units have washers/dryers, and two have charming gas fireplace stoves. Tenants pay their own electrical. Owner pays water/sewer/garbage @ $138/mo, and gas @ $122/mo on yearly-averaged billings. Cap rate of 4.1% at current rents, which are below market. The quality and charm of the property and its proximity to downtown and Capitol hill makes these very easy to rent. There's never been a vacancy and there's no deferred maintenance needed. It's a very easy property to own. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
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6BEDS
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0.11ACRES
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6BATHS
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01/2 BATHS
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3,674SQFT
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$340$/SQFT
School Information
Description
Rarely available historic 4-plex on the best street in the Marmalade! Located just a few blocks north of Temple Square and City Creek, and two blocks west of the Capitol dome. This gorgeous property was built originally as a multi-family home in 1906 and is not a converted house. This means each unit has a dedicated entrance and layouts that make sense. All units retain their historic charm with original moldings, hardwood floors, 9' ceilings, exposed brick walls, claw-foot tubs, etc. There is no carpet or vinyl to maintain. Additional features include new electrical services, wiring, and ceiling can lights, new high-efficiency furnaces with ducted AC, new plumbing, new interior and exterior paint, multiple decks with both city and mountain views, a shared back patio with fenced yard and garden areas, and three off-street parking spaces. Three of the four units have washers/dryers, and two have charming gas fireplace stoves. Tenants pay their own electrical. Owner pays water/sewer/garbage @ $138/mo, and gas @ $122/mo on yearly-averaged billings. Cap rate of 4.1% at current rents, which are below market. The quality and charm of the property and its proximity to downtown and Capitol hill makes these very easy to rent. There's never been a vacancy and there's no deferred maintenance needed. It's a very easy property to own. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-02-02T18:39:30.593. 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.