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.

©2024 Wasatch Front Regional MLS, Inc. All rights reserved.

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