2318 W 3650 S
Property Description
Rare opportunity to own an exceptionally well-maintained, one-owner fourplex in a convenient West Valley City location! Offered at an approximate 4.6% cap rate, this custom-built property combines quality Mid-Century construction, a strong rental history, desirable tenant amenities, and significant recent improvements. Situated on a quiet dead-end street, the unit mix includes two 2-bedroom units and two 1-bedroom units. What truly sets this property apart are the features tenants value most: large private yards and patios, oversized individual storage units, garage and covered parking, and a quiet residential setting. The property includes a 2-car garage, 2-car carport, and four storage units. Convenient access to I-215, Hwy 201, Valley Fair Mall, Costco, the Maverik Center, shopping, dining, and downtown West Valley City adds to its strong rental appeal. Historically, the units have been extremely easy to rent with little to no downtime between tenants. The longtime owner has also completed numerous significant improvements, helping reduce near-term capital expenditures. Updates include a newer roof, newer windows and sliding doors, new garage doors, new HVAC system in Unit 2, two new water heaters, nearly all new washers and dryers, updated flooring, new landscaping, gutters, and fresh exterior paint. With an approximate 4.6% cap rate, strong rental history, desirable tenant amenities, extensive improvements, and additional rental upside potential, this is a compelling opportunity for an investor looking for a well-cared-for fourplex in an established and highly accessible location. Showings by appointment only on Saturdays between 10:00 AM and 2:00 PM.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $850,000 |
| No. of Units: | 4 |
| Year Built: | 1964 |
| Lot Size: | 3,170.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $212,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-WFRMLSUT-2186163
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