This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
1895 S 200 E, Salt Lake City, UT 84115
$719,000
1895 S 200 E, Salt Lake City, UT 84115View this property at 1895 S 200 E, Salt Lake City, UT 84115
1895 S 200 ESalt Lake CityUT84115
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
Property Description
Welcome to this exquisite triplex located in a sought-after neighborhood, offering an exceptional investment opportunity for buyers looking to benefit from rental income. With three separate units, each with its own unique features and rental history, this property could be the next addition to your real estate portfolio. Property Highlights: Location: Situated in a desirable neighborhood, this triplex enjoys easy access to schools, parks, shopping centers, and all essential amenities, making it highly attractive to potential tenants. -Three-Bedroom Basement Unit: The basement unit features three bedrooms and has been rented for $1,525 per month. The current lease extends until July of next year 2024, providing a stable income stream for the foreseeable future. Two-Bedroom Main Floor Unit: The main floor unit boasts two bedrooms and comes fully furnished, making it a prime choice for mid-term rentals. The current lease runs until September 23rd of 2023 at $2,000. Attic Unit: The attic unit offers comfortable living space and is also fully furnished for mid-term rentals. Currently rented out at $1,350 per month, the lease extends until November of 2023, adding to the property's consistent rental income potential. 3D renderings for attic unit: https://my.matterport.com/show/?m=4HxPfnhNZ5v Cosmetic Update: The property has undergone a cosmetic update within the last few years, ensuring that the interior spaces are fresh, modern, and appealing to prospective tenants. This enhancement helps maintain the property's value and reduces the need for immediate renovations. Investment Opportunity: With three well-maintained units, each with reliable tenants and varying lease expiration dates, this triplex presents a remarkable investment opportunity. The diverse rental strategy, combining long-term leases in the basement with mid-term furnished rentals on the main floor and attic, ensures a steady cash flow with the potential for flexibility in the future. Total Rental Income: $1,450 (3-Bed Basement) + $2,000 (2-Bed Main Floor) + $1,350 (Attic) = $4,800 per month Lease Terms: Basement lease ends July of next year 2024, Main Floor lease ends July 31st 2023, and Attic lease ends in November 2023. Additional Benefits: The inclusion of furniture in the Main Floor and Attic units eliminates the need for additional expenses on furnishing, further enhancing the property's appeal to prospective tenants. Don't miss this exceptional opportunity to acquire a profitable triplex in a sought-after location. Whether you're a seasoned investor or an aspiring landlord, this property offers both immediate income and long-term potential. Act fast and schedule your private viewing today! Other remarks: - legal non conforming triplex. - 3 electric meters. - one gas meter which is included in rent. - Square footage figures are provided as a courtesy estimate only and were obtained from measurement from seller. Buyer is advised to obtain an independent measurement. *Seller is willing to pay up to $5,000 towards new windows for a full price offer.
Full Property Details
Full Property Details for 1895 S 200 E
General
- Price: $719,000
- Taxes: $2,855
- Status: Under Contract
- Type: Triplex
- MLS ID: 1890340
- Updated: 9/27/2023
- Added to Site: 299 day(s) ago
Interior
- Interior Features: Basement Apartment
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Location
- Area: Salt Lake City; So. Salt Lake
- County: Salt Lake
- Subdivision: BROADWAY ADD
- Cross Streets: 200
School Information
- Elem School District: Salt Lake
- Midd School District: Salt Lake
- High School District: Salt Lake
- Elementary School: Whittier
- Middle School: Hillside
- High School: Highland
Utilities
- Sewer: Sewer: Connected
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Up And Down
- Construction: Brick
- Exterior Const.: Brick
- Square Feet: 2,100
- Living Area: 2,100 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1952
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,969.6
- Lot Size: .16
- Zoning: RESIDE
Financial Considerations
- Tax Amount: $2,855
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Property ID: 16-18-334-009
Listed by Rockwood & Company LLC
Get Pre-Approved Today
Schools
Schools serving 1895 S 200 E
School District:Salt Lake City School District
Rating | Name | Grades | Distance |
---|---|---|---|
1600 S 300 E, Salt Lake Cty, UT 84115 | PK-6 | 0.4 mi | |
1825 S Nevada St, Salt Lake Cty, UT 84108 | 7-8 | 3.3 mi | |
2166 S 1700 E, Salt Lake Cty, UT 84106 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1895 S 200 E
Date
Details
Price
Change
Source
8/09/2023
Price Reduced
$719,000
-0.83%
MLS
7/24/2023
Listed
$725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1895 S 200 E
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,875
1%
$528,800
7%
2022
$2,856
43%
$492,800
57%
2021
$2,003
9%
$313,000
14%
2020
$1,845
-2%
$274,400
89%
2019
$1,891
10%
$145,475
-34%
2017
$1,726
—
$219,100
-1%
2017
$1,726
10%
$220,300
16%
2016
$1,573
8%
$190,700
14%
2015
$1,455
-1%
$167,200
—
2014
$1,464
-11%
$166,800
-7%
2013
$1,642
—
$179,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1895 S 200 E
1895 S 200 E, Salt Lake City, UT 84115 (MLS# 1890340) is a Triplex property with 6 bedrooms and 0 full bathrooms. 1895 S 200 E is currently listed for $719,000 and was received on July 24, 2023. Want to learn more about 1895 S 200 E? Do you have questions about finding other Triplex real estate for sale in Salt Lake City? You can browse all Salt Lake City real estate or contact a Coldwell Banker agent to request more information.