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Emily Hayes

CEO Emily Hayes Homes | Emily Hayes Homes | Keller Williams | PLACE

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157 S 800 E , Salt Lake City, UT 84102
$855,000
Est. Payment: $1,900.00/mo
11 Bed
5 Bath
5989 Sqft
Status: Active | Days on site: 13
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House Description

Fabulous U of U and downtown multi-unit rental and/or group home facility with new paint and carpet! Fabulous value with room to increase rents throughout! Current rent rates are low and have not been raised in years! This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are currently in place. The property is licensed and used for multi-unit rentals that allow apartment and single-room tenants up to 10 Doors. There is one 2-Bedroom, one-bath and a 1-Bedroom, one-bath apartment on the main floor. There are 8 single room rentals on the second floor that share a common kitchen area and 2 1/2 full baths. This property is perfect "As Is" or can be developed into an Airbnb, Hostel Group Home, or Apartments. The boiler is only a couple of years old, is 90%+ efficient, and represents a $30,000 investment. The roof is also in excellent condition, providing additional peace of mind for the buyer.

Highlights

Listed by Terry Cononelos , 801-205-7019 Masters Utah Real Estate , 801-453-1010.

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

1935

County

Salt Lake

Area

Salt Lake City; So. Salt Lake

School District

Salt Lake

Listing ID

2183101

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:11
  • Bathrooms:5
  • Full Bathrooms:
Floor:Carpet,Hardwood,Linoleum,Vinyl
Water:Culinary

Exterior Features

Lot:Curb & Gutter,Fenced: Part,Road: Paved,Secluded,Sidewalks,View: Mountain,Private
Lot Dimensions:0.0x0.0x0.0
Garage Capacity:15
Zoning:MR GRM
Roof:Asphalt
Others:
  • Additional:Entry (Foyer), Lighting, Blt./Standing
Sewer:Sewer: Connected,Sewer: Public
Parking Features:Parking: Uncovered,Detached
Principal Interest
$1,900
Taxes
$375

Home Price

$855,000

Loan Details

30 yrs
%

Down Payment

20%
$171,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,900.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,900.00 $375.00 $0.00 $2,275.00
Yearly $22,800.00 $4,500.00 $0.00 $27,300.00
Total $684,000.00 $135,000.00 $0.00 $819,000.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salt Lake City, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.