Awesome investment opportunity just north of Salt Lake in the city of Bountiful. Rents are in the process of being raised (one lease is signed for $1, 200 starting December 1). In addition to a higher rent, there are 5 large 12’x28′ storage sheds that you could use for your own storage, include them with the current rentals for additional income or you may even want to consider renting them out to others after verifying the possibility with the city. Currently these storage units bring in an additional $100 each in revenue for a total of $500 extra total revenue. Unit 245 and 243 are renovated and flooring and paint were recently replaced in unit 247. The last unit is in good condition, but tenant is long term and renovations have not taken place. 2 furnaces and a water heater were replaced recently. So there is very little to do except buy this, increase rents and wait for the money to roll in. Please do not disturb current tenants. The vacant unit will be ready to view after 9/13/21. Offers will need to be made subject to inspection of any additional units and we will get you a full tour after an offer is accepted. Rent was increased to $1, 000 for the long term tenant and will not take place until October 1, 2021. The unit that is vacant is expected to rent out for $1, 150, but may be determined by Buyer.

Overview

  • StyleUp And Down
  • Year Built1975
  • RoofingRubber
  • HeatingForced Air, Gas: Central
  • WaterCulinary, Secondary
  • Sewer/SepticSewer: Connected, Sewer: Public

Features

  • ExteriorLighting, Patio: Covered
  • InteriorDisposal, Floor Drains, Gas Log, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
  • Security
  • Floor CoveringsCarpet, Linoleum, Tile

Property Features

  • Covered
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