656 S 700 E, Salt Lake City, UT 84102

$425,000
4
BD
2
BA
1,564
SqFt
List Price
$425,000
Status
BACKUP
MLS#
1655037
Days on Market
11
Year Built
1933
Bedrooms
4
Bathrooms
2
Square Feet
1,564
Acres
0.14
Terms
Cash, Conventional, FHA, VA
County
Salt Lake
Region
Salt Lake City; So. Salt Lake
Subdivision
Plat B Slc Survey

Property Description

Talk about a great investment, and unique opportunity to live in the heart of Salt Lake City. Located within walking distance from: Whole Food, Trader Joes, Trax, The University, 9th & 9th, Liberty Park, and so much more! This home features: gorgeous original hardwood floors, beautiful natural light, canned lights, and a mother-in-law (MIL) apartment that keeps on giving. The MIL apartment has: separate power meter, separate entrance, and separate laundry. Oh and did I mention the two-car garage? Cash in on this lucrative rental income or cut your mortgage in half by renting the basement. Market rents are: $1400 for the upstairs unit and $1200 the downstairs; which is a gross 7% cap rate. With this location you will not have to worry about vacancies. It is also zoned for an ADU if you desire to really capitalize on this investment. All information herein is deemed reliable but is not guaranteed. Buyer is responsible: to verify all listing information; including SqFt/acreage, and zoning to buyer's own satisfaction.

Additional Information

Taxes
$1,953
Amenities
Electric Dryer Hookup
Exterior
Stucco
Exterior Features
Basement Entrance
Interior Features
Kitchen: Second, Range/Oven: Free Stdng.
Basement
Full
% Basement Finished
100
Floor
Carpet, Hardwood, Laminate
Garage Features
Detached
Garage Spaces
2
Heating
Forced Air, Gas: Central
Roof
Asphalt Shingles
School District
Salt Lake
Elementary School
Emerson
Middle School
Clayton
High School
East
Style
Bungalow/Cottage
Living Area
1,564
Basement Sqft
728
Level One Sqft
836
Water Features
Culinary

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Residential Brokerage-Salt Lake.

Information deemed reliable but not guaranteed accurate. Buyer to verify all information. Terms of Use
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.
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.