2318 W 3650 SWest Valley City, UT 84119

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.

Property Information

Property type

Residential

Sub-type

Quadruplex

Style

Stories: 1

Year built

1964

Living area

3,170 Sq Ft

Lot size

0.26 acres

Lot dimensions

0.0x0.0x0.0

Garage spaces

2

Parking spaces

12

Zoning

Multi-Family

Days on market

28

MLS^® Listing#

2186163

Property Features

Interior

Vaulted Ceiling(s)

Exterior

Lighting

Appliances

Disposal · Oven · Range · Dryer · Refrigerator · Washer

Cooling

None

Heating

Central · Natural Gas

Flooring

Carpet · Laminate · Tile

Parking

Attached · Garage

Patio

Covered · Patio · Porch

Fencing

Fenced

Lot features

Cul-De-Sac

Construction

Brick · Cedar

Roof

Asphalt · Rubber

Windows

Window Coverings · Blinds · Double Pane Windows

Utilities

Natural Gas Available · Natural Gas Connected · Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Schools

Elementary

Granger

Middle

Eisenhower

High

Granger

Financial Details

HOA

None

Annual taxes

$4,966

Parcel number

15-33-227-009