Pending

Under Contract

586 W TIFFANY TOWN DR

Midvale UT, 84047

$1,095,000


$252.65 per sqft

Pending

Under Contract

8 Beds

8 Baths

4,334 sqft

Multi-family

Built in 1977

**Over $150,000.00 in total annual gross rents!** This remodeled Quad-plex is being sold with it's sister building adjacent to it MLS # 2018818. Both buildings have had 100% occupancy rates. Potential 7%+ CAP Rate with rent increases. All of the units have been renovated and include individual fenced yards. The large common area is also fenced with a long private drive lane behind the complex for secure parking. These are some of the nicest units in the area and the private yards, large common area, and secluded parking have been a major draw for highly qualified tenants. The premises has two security cameras that can be monitored via a phone app. The majority of tenants have been in these units for several years and are due for rent increases. Plenty of common area space to add storage sheds for additional income. This complex has a quaint, friendly feeling to it and the tenants have all been happy and love living here. These quad-plexes are a phenomenal value and are very low maintenance. The rent rolls, copy of leases, and tenant summaries are available upon request. **Preferred lender incentives are also being offered. Call the listing agent for more details.**

2018817

MLS ID

August 22, 2024

Listed

November 22, 2024

Updated

Map

586 W TIFFANY TOWN DR
Midvale UT, 84047

Interior Features

Total Stories

0


Bedrooms

8


Total Bathrooms

8


Interior Features

Disposal, Kitchen: Updated, Range/Oven: Free Stdng, Dishwasher: Built-In, Video Camera(s)


Laundry Description

Electric Dryer Hookup


Floor Description

Carpet


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Gas: Central

Exterior/Building Features

Lot Size

0.22 Acres


Lot Features

Cul-De-Sac, Curb Gutter, Fenced: Full, Sidewalks, Sprinkler: Auto-Full, View: Mountain


Architectual Style

Stories: 2


Roof

Asphalt, Pitched


Sewer

Sewer: Connected

School Information

School District

Canyons


High School

Hillcrest


Elementary School

Copperview

Other Property Details

Area Name

Murray; Taylorsvl; Midvale


Taxes

$4,562


Tax Frequency

Annually


Days on Market

69


Garage

No


Parking Total

0


View

Yes


View Description

Mountain(s)


County

Salt Lake


Water Source

Culinary


Pool

No


Zoning

Multi-Family

Listing History

Date

Event

Price

10/31/2024

Pending

10/10/2024

Active

10/9/2024

Pending

Courtesy of Equity Real Estate

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10:25 PM UTC, 11/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sue Ann Wilkinson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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