Lucrative Liberty Wells Four-Plex
/I have the pleasure of offering a rarely available, gainful investment opportunity. In the heart of the hip Liberty Wells on a quiet cul de sac this location is unbeatable - nearly next door to Liberty Park, close to bus lines, the freeway, the University of Utah, and Downtown. And it's rented nearly 100% of the year.
The building is a four-plex and has three 2-bedroom units and one 1-bedroom unit. Each unit is occupied and secured with a lease. The 2-bedroom units rent for $735 per month and the 1-bedroom is $625 per month. Each unit has it's on electrical meter. Gas and water are shared, though the tenants are billed for those utilities monthly as well. The onsite, coin-op laundry also brings in approximately $50 each month.
The asking price on this beauty is $465,000. That puts the cap rate at 7.3%. It's truly a must buy for any serious investor. Give me a call and we can get things started.
