Description
PRICE ADJUSTED: PRO-FORMA 5.89% CAP RATE. Rare 'Unicorn' duplex legally grandfathered for 10 unrelated residents. Skip the zoning anxiety; property was fully brought to code and licensed in Jan 2026. While licenses are non-transferable per city code, the hard work is done-simply apply for your new license ($60) and step into a turnkey, 100% pre-leased asset through August 2027. FINANCIALS: Current $4,359/mo (9 tenants) contractually increases to $4,940/mo (10 tenants) in August 2026. All new 12-month agreements are already executed with deposits held. 100% utility reimbursement (Water, Sewer, Trash, Gas, Electric, Internet). UPGRADES: New Roof (2023), Lennox HVAC (2017), fresh paint/carpet. Property features 2 kitchens, 2 laundry sets, 2-car garage, and massive storage shed. Strategic upside remains in monetizing parking/storage. Property is fully occupied with a 50+ applicant waitlist. Property tour URL: https://tinyurl.com/2rsfbn4r Investor and disclosure documents attached to listing. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Seller is a licensed real estate agent in the state of Utah and is representing themselves.
