2555 E Elm Ave, Salt Lake City, UT 84109

$959,900
5
BD
3
BA
2,726
SqFt

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List Price
$959,900
Status
ACTIVE
MLS#
2185150
Days on Market
25
Year Built
1979
Bedrooms
5
Bathrooms
3
Square Feet
2,726
Parcel Number
16-22-227-046
Acres
0.17
Terms
Cash, Conventional
County
Salt Lake
Region
Salt Lake City; Ft Douglas
Subdivision
Country Club Heights

Property Description

Incredible investment property in the highly desirable Country Club Heights neighborhood. This updated duplex generates $4,400/month ($52,800/year) in current rental income. Ideally located for students, medical professionals, and outdoor enthusiasts, this property is just minutes from the University of Utah, offers quick freeway and canyon access, and is approximately 20 minutes from Park City. Each unit offers 1,363 square feet of living space, with a 2-bedroom/1-bath unit currently renting for $2,000/month and a 3-bedroom/2-bath unit currently renting for $2,400/month. The property features remodeled kitchens and bathrooms, hardwood floors, updated HVAC systems, a replaced roof, freshly painted siding and deck, mature landscaping, a stone patio, and a detached 2-car garage with workshop. The upper kitchen opens to a nice deck with mountain and valley views. Separate gas and electric meters add convenience for tenants and owners. A central interior staircase provides flexibility for future use as a single-family residence, multi-generational home, or owner-occupied duplex. Both units are currently leased through July 2027. For a buyer seeking earlier occupancy, the seller may be willing to facilitate a negotiated early lease termination/buyout of one unit, subject to tenant agreement. Buyer to verify all listing details. Tied to MLS #2185136

Additional Information

Taxes
$3,727
Exterior Features
Basement Entrance, Out Buildings, Patio: Open
Interior Features
Bath: Primary, Disposal, Range/Oven: Free Stdng., Silestone Countertops, Dishwasher: Built-In
Floor
Carpet, Linoleum, Tile
Garage Spaces
2
Heating
Forced Air, Gas: Central
Roof
Asphalt
School District
Salt Lake
Elementary School
Beacon Heights
Middle School
Hillside
High School
Highland
Style
Up And Down
Living Area
2,726

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Calculator source: Real Geeks

Listing courtesy of Netlogix Realty.

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