3224 S VERDANT CIR, Salt Lake City, UT 84109

  • $795,000
  • $795,000
3224 S VERDANT CIR, Salt Lake City, UT 84109
For Sale

3224 S VERDANT CIR, Salt Lake City, UT 84109

3224 S VERDANT CIR, Salt Lake City, UT 84109
  • $795,000
  • $795,000

Overview

Property ID: HZ8351230
  • Residential
  • Property Type
  • 8
  • Bedrooms
  • 3332.0
  • Square Feet
  • 1966
  • Year Built

Description

**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.

  • Address 3224 S VERDANT CIR
  • City Salt Lake City
  • State/county UT
  • Zip/Postal Code 84109
  • Area VERDANT HEIG
  • Country United States

Details

Updated on September 23, 2024 at 11:57 am
  • Property ID: HZ8351230
  • Price: $795,000
  • Property Size: 3332.0 Square Feet
  • Land Area: 0.28 Acres
  • Bedrooms: 8
  • Year Built: 1966
  • Property Type: Residential
  • Property Status: For Sale
  • Living Area: 3332.0
  • MLS#: 2012376
  • Office Name: PATHWAY PROPERTIES, LLC
  • Agent Name: David A Galant
  • MLS Status: Active
  • Living Area Prefix: Square Feet

Additional details

  • Tax Annual: 3484
  • County: Salt Lake
  • Property SubType: Duplex
  • Elementary School: None/Other
  • Middle/Junior School: None/Other
  • High School: None/Other

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