Description

Fantastic Investment Opportunity. Non conforming four unit property in Springville, Please read the information Below! Owner Agent: Owner/Seller is a licensed agent in the state of Utah Seller Finance: May consider Seller Finance, Call for Details. Buyer to verify all information. Rents and income: Three units rented, Basement unit was just remodeled. Rents are set at $1300, $1050, $1050, they have not been raised since 11/2020 and are below market value. Basement rent estimate is $1300 / month but is vacant following remodel. Utilities are in owners name and tenants pay additional utility fee monthly of $225, $225, $300. SQ Footage: Sq Footage by unit is an approximation. (Tax data from Property Attributes (Assessor's Data) reports 4078 sq/ft, 2 stories with basement, basement showing 1530 sq/ft for a total of 5608 finished sq/ft.) In the north unit there is a loft that is technically a 3rd floor to the house. It is approximately 300 sq ft and has a closet just outside of the room. North and south wing additions 04/1991 and 08/1984 (w/city building permits). Property use: This property is zoned light industrial and use is shown in city records as a single family house. Basement was rented for approximately 20 years prior to 2021. North unit has been rented for approximately 8 years. South unit has been rented for an unknown amount of time, 4 years to Seller knowledge. Electric: There is only one Electric meter for the property. A new Meter, Main panel, two sub panels, and a partial rewire was completed Dec 2020 and increased the service amperage for the property to 200amps, This work was done by Haupt Electric. Gas: There are two gas meters on the property. One services the basement, south, and Main units. The second one services the north unit. Both meters are being applied under the same account currently. Water: There is one water meter for the property. It also services the neighboring property. A permit had been acquired to have the water meter split by property, the work was not completed during ownership but the documentation can be shared to new owners. Trash: City of Springville, currently have 4 trash bins, one for each unit. HVAC: Main unit - Central Air and Heating. Shared with Basement. Basement - Central Air and Heating. Shared with Main Unit North Unit - Central Air and Heating + add window unit for loft. South Unit - Central Heating. 2 Wall mount units for AC Parking: Main unit - 1 Garage bay + 1 Driveway space in front of garage spot Basement - 2 parking spots on north side of the house North Unit - 3 car Tandem garage on north side of house South Unit - 1 Garage bay (middle garage) + 1 Driveway space in front of garage spot Appliances - All appliances convey with property besides north unit Washer and Dryer. Main unit - Washer, Dryer, Stove, Dishwasher, Fridge Basement - Washer, Dryer, Stove, Dishwasher, Fridge North Unit -Stove, Fridge convey. Washer/Dryer do not convey. South Unit - Washer, Dryer, Stove, Dishwasher, Fridge Detached Building - Currently being used as a gym. Gym equipment does not convey. One unit left open for Buyers looking to live in a unit and rent the others. Video Walkthroughs available upon request. Unique property, Please ask any questions you may have.

For more details:

Listed by: Havoya Real Estate, Llc