Exceptional income-producing opportunity in the heart of Sugarhouse - one of Salt Lake City's most sought-after and resilient rental submarkets. This legal duplex with a city-approved third unit generates $5,500/month in gross rental income ($66,000 annually) at a 6.65% cap rate, with strong upside potential given the location and unit quality. New roof! The property features two spacious 2-bedroom/1-bath main-level units and a remodeled 1-bedroom lower-level unit, each with private outdoor space and a dedicated garage - a rare amenity that commands premium rents and drives tenant retention. Situated steps from the McClelland Trail and within walking distance of Westminster University, this property benefits from a deep, diverse tenant pool. So easy to maintain full occupancy. Mature trees, a secluded yard, updated kitchens, and full landscaping round out a well-maintained asset with no deferred maintenance. DO NOT DISTURB TENANTS. Make offers subject to inspection. Square footage provided as a courtesy; buyer to verify all information.
Listed By
Agency Name: Real Broker, LLC
Shown By
Agency Title: Wardley Real Estate
Agency Phone: 702-256-4900
Estimated Payment
$ 3,987.56 per month $3,437.39 Principal & Interest $287.67 Property Tax $262.50 Homeowner's Insurance
1219 E Kensington Ave S | MLS# 2153337
This multi-family property located at 1219 E Kensington Ave S, Salt Lake City, UT 84105 is currently listed for sale with an asking price of $900,000. E Kensington Ave S is located within the Salt Lake school district. Search Salt Lake City real estate on www.wardleyre.com today.