548 N Redwood Rd

Salt Lake City, UT 84116

Property Type: Multi-Family

Property Features

  • Price: $890,000
  • Total Lot Size: 0.24 AC
  • Building Size: 2,540 SF
  • Year Built: 1962

Property Description

Recently renovated side-by-side 4-plex that include 2-bedroom/1-bathroom units. Fully leased with scheduled rents at $5,350/mo with recent rent increases and lease renewals. Rare find of a 6.52% ACTUAL CAP RATE! Great proximity to downtown gives tenants easy access to many employment opportunities in Salt Lake City. Recent updates include updated apartments spanning over four years, 4 new AC units, 2 new furnaces in 2022, 2 new furnaces in 2020, and a brand-new fence. The washer and dryer unit in Apartment A is owned by the landlord and will be included in this sale. All units have their own water heaters and laundry hookups. All laminate and tile flooring with no carpet. Ask about the OFFERING MEMORANDUM attached to the listing for comps, rents, expenses, and info about the property.

Price: $890,000
Address: 548 N Redwood Rd, Salt Lake City, UT

Courtesy of Tori Tarver Watts at KW South Valley Keller Williams

Kody Watts

Co-Owner and Co-Founder


Tori Tarver Watts

Co-Owner and Co-Founder


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