3280 W 3500 S Unit S3,S4, West Valley City, UT 84119
- $500,000
- List Price
- $500,000
- Status
- ACTIVE
- MLS#
- 2140812
- Days on Market
- 146
- Year Built
- 1971
- Parcel Number
- 15-29-480-018
- Acres
- 0.28
- Terms
- Conventional
- County
- Salt Lake
- Region
- Magna; Taylrsvl; WVC; SLC
Property Description
A fantastic investment opportunity! The tenant is a daycare with a lease for the next 3 years. Rent is currently at $3,400 but increasing to $3,600 in 2027 and $3,800 in 2028! That means at the list price the CAP rate will reach 8.5% within 2 years! The tenant is stable, has made significant investments into the property and expects to stay for many years. The owner only pays property tax with the tenant covering all other expenses, bills, and repairs. The solid brick building has been remodeled for the daycare business to use both suites. But could be divided again in the future. There is plenty of parking available for the tenant and customers. Also, there is a 4 car garage on the property that has been converted to individual storage bays.
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Additional Information
- Taxes
- $3,058
Mortgage Calculator
Listing courtesy of Utah First Realty.
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