Active
3224 S VERDANT CIR
Salt Lake City UT, 84109
$890,000
$267.11 per sqft
Active
8 Beds
4 Baths
3,332 sqft
Multi-family
Built in 1966
**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.
2012376
MLSⓇ ID
July 18, 2024
Listed
August 28, 2024
Updated
Map
3224 S VERDANT CIR
Salt Lake City UT, 84109
Interior Features
Total Stories
0
Bedrooms
8
Total Bathrooms
4
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.28 Acres
Architectual Style
Other/See Remarks
School Information
High School
None/Other
Elementary School
None/Other
Other Property Details
Area Name
Salt Lake City; Ft Douglas
Taxes
$3,484
Tax Frequency
Annually
Days on Market
41
Garage
No
Parking Total
0
View
No
County
Salt Lake
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/13/2024 | Price change | $890,000 -11% |
Courtesy of Pathway Properties, LLC
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 5:00 PM UTC, 8/28/2024. 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 deemed reliable but not guaranteed and should be independently verified. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Liz Sears shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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