View of front of house featuring a front lawn, brick siding, and roof with shingles

View of front facade featuring brick siding, a shingled roof, and fence

Exterior space featuring brick siding, entry steps, an outbuilding, driveway, and a storage unit

View of side of property with brick siding and fence

View of front of property featuring a gate, a fenced front yard, and roof with shingles

Exterior space featuring entry steps, a carport, driveway, and a shingled roof

Traditional home featuring a garage and concrete driveway

Exterior space with a garage and driveway

View of property exterior featuring a garage and fence

View of front facade featuring driveway, a garage, and fence

View of property exterior with a garage, a trampoline, concrete driveway, and fence

View of front of property featuring a fenced front yard and a shingled roof

Birds eye view of property featuring a residential view

Bird's eye view featuring a residential view

Drone / aerial view featuring a residential view

Aerial view with a mountain view and a residential view

Birds eye view of property with a mountain view

Birds eye view of property with a residential view

Aerial view featuring a residential view

View of front facade featuring central air condition unit, an attached garage, a chimney, and driveway

Listed By Pathway Properties, LLC, David A Galant. 385-423-8589
| Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.

416 Scott Ave presents a rare opportunity to acquire a wellmaintained, low-density multifamily asset with oversized units and significant value-add potential. This six-unit property comprises: Unit A: A recently renovated 1,387 SF single-family home (3BD/2BA), featuring new flooring, appliances, cabinetry, carpeting, wood siding, fresh paint, upgraded lighting, switches, and outlets. The home also offers a spacious front and side yard for outdoor enjoyment. Unit B: A 1,092 SF single-family home (3BD/1BA) sharing a carport with Unit A. The roof for both homes was replaced in 2024. This unit is in good condition with updated appliances and a fenced backyard. Units C, D, E & F: Four large duplex units (each 1,546 SF) built in 1996 and 1998, designed in a desirable townhome-style layout with 3BD/2BA and attached two-car garages. Each duplex appraised for $725,000 in April 2024. While all units have been wellmaintained, Unit D underwent a full renovation in 2024, including new flooring, paint, carpeting, updated lighting fixtures and more. The properties are situated on three separate parcels, providing the opportunity for a buyer to secure residential financing. VALUE-ADD POTENTIAL This property offers multiple opportunities to increase revenue and maximize returns: Rent Optimization: Current rents are significantly below market rates. The average market rent for 3BD/2BA units in the area is approximately $2,500, while current in-place rents average $1,572, representing a $928+ per unit upside. The 3BD/1BA unit currently rents for $1,486, while market rates are $2,200, creating an additional $714 per unit opportunity. Utility Reimbursement: The owner currently covers water, sewer, and trash expenses. Implementing a utility reimbursement program would further enhance NOI. Additional Revenue Streams: The property features ample unused land, which could be leveraged for storage unit development or additional tenant amenities to improve retention and increase income.