$795,000
Active
39 Days Online
8 Beds3 Baths3,332 SQFT
Active

3224 S VERDANT CIR Salt Lake City, UT 84109

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**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.

  • Property TypeMulti-Family
  • NeighborhoodVerdant Heig
  • CountySalt Lake
  • Taxes$3,484
  • HOA/Condo/Coop Fees$0
  • Days on Site39 Days
  • MLS StatusActive
  • MLS ID Number2012376
  • Home Size Source N/A
  • Year Built1966
  • Lot Size0.28 Acres
  • Full Baths3
  • Partial BathsN/A

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