Available Now
3153 W 3650 S
West Valley, Utah
  • 24 Bed
  • 12 Bath
  • 10,776 Sq.Ft.
  • Priced at $2,600,000

Home For Sale, West Valley UT Real Estate

This AMAZING 12-plex is actually three adjacent 4plexes, each with SEPARATE Tax ID numbers so you DO NOT NEED COMMERCIAL FINANCING! Get conventional financing for improved cash flow! Seller desires to sell all 3 buildings as a package. The east building (3153 W) has had all 4 units remodeled and has a 2-car garage (rents for $225/month), a 1-car garage (rents for $100/month), and 3 Storage units that rent for ($35/month). Tenants in this building pay a utility fee for gas and hot water. The middle building (3167-3169 W) has had 2 of the 4 units remodeled and has 4 carports (rent for $30-35/month). Tenants in this building pay a utility fee for gas and hot water. The west building (3185-3191W) has not been remodeled yet but one of the tenants has moved out and it is ready for remodel. The tenants in this building have separate gas meters. Due to COVID we did not increase rents in 2020 for most of the 12 units so rents are well-below market rates. In 2021 we started implementing a utility and common-area maintenance (CAM) recapture fee charged to each of the 12 units upon lease renewal which will significantly improve cash flow. This is an AMAZING property that can perform even better! Buyer to verify all. Square footage figures are provided as a courtesy estimate only and were obtained from county records and estimate. Buyer is advised to obtain an independent measurement. Agents: Please see attached site plan for building orientation and additional details -or contact listing agent.