Property photo 1
31 photos
ActiveMLS# 215363183 days on market

$1,200,000

3135 S 200 E

South Salt Lake, UT 84115

8 BD|4 BA|3,328 SQFT|$360.58/sqft

About This Property

Don't miss this rare chance to acquire a true legal conforming 4-plex with assumable seller financing at 5.5%. All four units are 2BD/1BA at 832 sq ft each, generating $6,135/month in gross rental income. The seller financing is an all-inclusive trust deed on an existing note amortized over 30 years with a balloon due October 31, 2030 - a qualified buyer with approximately $428,000 down steps directly into the note and locks in below-market financing on day one. The property has been comprehensively updated in the last three years: new roof, new furnaces and A/C units, brand new kitchens with granite countertops and soft-close cabinetry, new appliances and washer/dryers in every unit, new tile bathrooms, new electrical panels, and a full french drain. All four units have separate gas and electric meters, covered carport parking, and full laundry hookups. There is zero deferred maintenance and no capital improvements on the horizon - just clean, stable cash flow in a strong Salt Lake rental market. Always full occupancy. DO NOT DISTURB TENANTS. Make offers subject to inspection. Call listing agent prior to writing offer. Square footage per appraiser measurement - buyer to verify all information.

Property Details

Property TypeSingle Family
Year Built1973
Lot Size7,841 sqft
Price / Sqft$360.58
Days on Market83
MLS Number2153631

Christina Lovell

REALTOR®

Schedule a Showing

Mortgage Calculator

Est. Monthly Payment

$7,218

P&I: $6,068 | Tax: $850 | Insurance: $300

$1,200,000
%
%
Loan Amount$960,000
Down Payment$240,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location