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Archived over 7 years ago

$400,000

6+ bd 3 ba 3600 sqft

1364 Merritt Circle, holladay, UT 84117

Residential Duplex Occupied Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Ryan Mertens

Developer
Get pre-approved by a lender
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Unit 1 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1½ ba
  • Square Footage: 1800 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1½ ba
  • Square Footage: 1800 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Salt Lake City, Utah Duplex

$400,000 is not the ask.
Picture is not of actual property.
Duplex is on same street near the circle end.
Off market listing that I have currently under an assignable contract.
renters are month to month

Split level duplex on each side. Same layout.
Great modern layout with open kitchen to living room with vaulted ceilings.
No walls need to be moved or changed to maximize layout and cash flow.
3 bed 1.5 bath, 2 car garage per side
Can be easily and COMFORTABLY turned into 4 bed 2.5 bath.
One side remodeled 3 years ago.(granite, shaker cabinets, SS appliances.)
one side updated and looks good.
new HVAC and water heaters both sides.

rentometer shows this configuration at $1681 average with a $1695 median monthly for each side.
That's $40,680 gross rent multiplier per year.
With a 15% cost for management, insurance, taxes, ect that brings NOI down to
$34,578 per year.
at a 7% cap that values this property at $494,000
at a 6% cap that values this property at $576,300

This property is far nicer than many listings i see in SLC that are asking sub 6% cap rate.

Please message for details or to make offer.
Leave your # and i'll call you if requested

Location:

1364 Merritt Circle, holladay, UT 84117

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.