4 Beds | 4 Baths | 0 Garage | 2,000 Sq Ft
Great fourplex in downtown Salt Lake City location with immediate upside and clean renovations throughout. The property was previously generating $5,214 per month across all four units prior to Unit #1 becoming vacant - creating a turnkey move-in or lease-up opportunity for the next owner. Unit #1 has been fully refreshed with new LVP flooring, fresh paint, an updated bathroom vanity, and brand new stainless steel appliances. Re-leasing Unit #1 brings the property right back to its prior income on day one. All units are one bed, one bath with a full kitchen, and every unit has been renovated with new kitchens, updated LVP flooring, fresh interior paint, and modern light fixtures - creating a cohesive, turnkey feel that appeals to tenants and supports long-term performance. The exterior has seen significant improvements as well, including new windows, shutters, updated paint, new rain gutters, and refreshed landscaping. Operations are straightforward with separately metered power and gas for each unit, an off-street parking lot in the rear, and an on-site coin-operated washer and dryer providing additional variable income. Lease expirations are staggered across April, June, and August - offering a clear path to gradually optimize rents over time. Zoned RMF-35 and ideally positioned near the Ballpark redevelopment area, the property sits just minutes from downtown with quick access to major freeways, dining, and entertainment. Whether you're an investor looking to stabilize a nearly full asset or an owner-occupant ready to live in a freshly remodeled unit while the others cover your mortgage - opportunities like this don't come around often. Showings of Unit #1 are available now. Occupied units will be shown upon an accepted offer. Please do not disturb tenants. Buyer to verify all information. One of the owners is a licensed real estate agent. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
TonyFantis.com shows ALL available properties from the MLS in Utah (WFRMLS), including any property that is pending, under contract, accepting backup offers, or actively seeking buyers.
Thank you for stopping by my website! Call or email anytime you have a question!
Contact Tony at (801) 541-8806
Clientopoly.com
Information deemed reliable but not guaranteed accurate. Buyer to verify all information. The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
