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$392,000

For Sale - Active
1174 E 3300 S Apt 417, Millcreek, UT 84106
3 Beds
2 Baths
1,143 Square Feet
0.01 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jul 02, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$1,220
Cap Rate
1.9%
Cash-on-Cash Return
-16.2%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-11.7%

Property Description


0.01 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Stunning 3-Bedroom Top-Floor Condo in Millcreek, UT Discover this pristine 3-bedroom, 2-bathroom condo in the heart of Millcreek, nestled in the most secluded location within a highly desired complex. As a top-floor unit, it boasts 9-foot ceilings and awesome wooded views, offering a serene retreat just seconds from Millcreek Commons and Brickyard. This lightly used second home, occupied only a couple of months each year by its original owners, is in exceptional condition. Step inside to hardwood floors and stylish accent paint throughout. The open-concept family room flows seamlessly, with one bedroom featuring French doors that open directly into the space-perfect for a home office or guest suite. The kitchen shines with a tile backsplash, complementing the functional layout. Enjoy great views from every window, enhanced by the peaceful, wooded surroundings. Residents of this sought-after complex enjoy premium amenities, including a pool, inviting clubhouse, and well-equipped workout room. The secure underground parking garage adds convenience and peace of mind. Located in a fantastic area close to shopping, dining, and entertainment, this condo offers the perfect blend of urban convenience and tranquil living. Don't miss the chance to own this meticulously maintained gem in one of Millcreek's most coveted communities-schedule a showing today!

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Location


Property Details


Parking

  • Description: Open, Covered, Garage
  • Details: Covered, Secured, Attached
  • Garage Spaces: 1
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Roof Material: Rubber, Membrane
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $409/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1629456063
  • Lot Size: 435 sqft

Property Information

  • Property Type: Condominium
  • Style: Condo; Top Level
  • Year Built: 2003

Tax Information

  • Annual Tax: $2,370

Utilities

  • Heating: Central, Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Salt Lake

Listing Details


Listed by:
Brian Summers
Century 21 Wasatch Life Realty
(801) 613-2320

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2090873
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$1,220
Cap Rate
1.9%
Cash-on-Cash Return
-16.2%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-11.7%

Purchase Details

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Purchase price:
$392,000
Amount financed:
-$313,600
Down payment:
$78,400
Closing costs:
$11,760
Rehab costs:
$0
Initial cash invested:
$90,160
Square feet:
1,143
Cost per square foot:
$343
Monthly rent per square foot:
$1.57

Financing Details

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Loan amount:
$313,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,855
Property tax:
$198
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,179

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$198-$2,370
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (23%)
23%-$409-$4,908
Total operating expenses: (59%)
59%-$1,057-$12,678

Cash Flow


Monthly Yearly
Net operating income:
$635 $7,620
Mortgage payments:
-$1,855 -$22,260
Cash flow:
$1,220 $14,640