Rarely available historic 4-plex on the best street in the Marmalade! Located just a few blocks north of Temple Square and City Creek, and two blocks west of the Capitol dome. This gorgeous property was built originally as a multi-family home in 1906 and is not a converted house. This means each unit has a dedicated entrance and layouts that make sense. All units retain their historic charm with original moldings, hardwood floors, 9′ ceilings, exposed brick walls, claw-foot tubs, etc. There is no carpet or vinyl to maintain. Additional features include new electrical services, wiring, and ceiling can lights, new high-efficiency furnaces with ducted AC, new plumbing, new interior and exterior paint, multiple decks with both city and mountain views, a shared back patio with fenced yard and garden areas, and three off-street parking spaces. Three of the four units have washers/dryers, and two have charming gas fireplace stoves. Tenants pay their own electrical. Owner pays water/sewer/garbage @ $138/mo, and gas @ $122/mo on yearly-averaged billings. Cap rate of 4.1% at current rents, which are below market. The quality and charm of the property and its proximity to downtown and Capitol hill makes these very easy to rent. There’s never been a vacancy and there’s no deferred maintenance needed. It’s a very easy property to own. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
What's Nearby?
Restaurants
- White Horse (1.01 mi)1327 reviews
- The Copper Onion (1 mi)3187 reviews
- Franklin Ave. Cocktails & Kitchen (0.97 mi)368 reviews
Coffee Shops
- Cupla Coffee (0.83 mi)409 reviews
- Three Pines Coffee (0.79 mi)317 reviews
- Roots Coffee - Salt Lake City (1.71 mi)178 reviews
Grocery
- Harmons Neighborhood Grocer (0.73 mi)235 reviews
- Smith's (0.92 mi)42 reviews
- Trader Joe's (1.63 mi)181 reviews
Education
- Ensign Elementary School (1.54 mi)1 reviews
- Provo Canyon School (43.5 mi)44 reviews
- Challenger School - Salt Lake (2.45 mi)12 reviews