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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $210
Subdivision Avenues
MLS Listing ID 1887841
Sold Date 10/18/23
Style Five-Plex
Bedrooms 6
Construction Status Blt./Standing
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,919
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.0x0.0x0.0
Property Description
When I was young, I wasn't very good at the game of Monopoly. I loved the little car and shoe pieces best. However, over the years I've learned that 90% of billionaires make their fortune through some form of real estate. I love the idea of passive income and how the American Dream can be achieved by people from all walks of life-one rental property at a time. Recently, I've found myself thinking about the idea of time, and how time is on your side with any form of investment. We can only wish that we had purchased a home at market price ten years ago, or picked up some shares in Google stock when they were only a few dollars. Hindsight is 20/20. What I am reminded of is: whatever you buy now, you'll wish you had invested in ten more in ten years. Time is on your side and this is an amazing opportunity to start (or add to) your real estate empire with these wonderful rentals.
Location
State UT
County Salt Lake
Area Salt Lake City: Avenues Area
Zoning Multi-Family
Interior
Interior Features Alarm: Fire, Dishwasher: Built-In
Heating Forced Air, Gas: Central, Hot Water
Flooring Hardwood
Equipment Window Coverings
Fireplace false
Window Features Blinds,Drapes
Exterior
Exterior Feature Basement Entrance, Entry (Foyer), Porch: Open
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full
Accessibility Accessible Doors, Accessible Hallway(s), Accessible Electrical and Environmental Controls, Single Level Living
Porch Porch: Open
Total Parking Spaces 2
Private Pool false
Building
Lot Description Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full
Faces North
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick,Frame
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Ensign
Middle Schools Bryant
High Schools West
School District Salt Lake
Others
Senior Community No
Tax ID 09-31-409-007
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Conventional
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Bought with HomeRiver Utah LLC
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