*For further details, view this property on the multi-family section of the MLS. Unique and Beautiful Property in Desired Millcreek Neighborhood with Residential, Commercial, or Combined-Use Purposes. This is an excellent and unique full-rental or residential & rental combination property. Historically, some property owners have chosen to rent out all available spaces to tenants while others have lived as on-site landlords in the main single-family home and rented out the remaining units available. NON-CONFORMING 4-PLEX This is a non-conforming multi-unit property. The property consists of three stand-alone buildings. The first is a 4-bedroom single-family home with a fenced/private yard and a separate, mother-in-law basement apartment (accessory dwelling unit). The second is a stand-alone cottage, and the third is a duplex. The cottage and both units of the duplex all have the same floor-plan and they each have their own fenced/private back yards. In total there are 5 units available to rent when accounting for the separate mother-in-law basement of the single-family home. *Square footage number listed above (5650) is the summation of all living spaces combined. The specific square footage of gross livable area for each unit is as follows: 2197 Claybourne Ave (4-Bedroom Single-Family Home) 1880 Square Feet Mother-In-Law Basement of 2197 Claybourne Ave 1016 Square Feet (Includes livable area and 2 large storage closets) 2195 Claybourne Ave (Stand-Alone Cottage) 918 Square Feet 2191 and 2193 Claybourne Ave (Duplex Units) 918 Square Feet (each) *Operating Expenses: In addition to rent, tenants pay a $50 fee for water, sewer, and garbage. Owners pay initially outright for water, sewer, and garbage, and the $50 from each tenant is a reimbursement. *Notes for GOI, GSI, and Rent: Owners have rented to friends and family over the years and have intentionally kept rent lower than market rent rates. All tenants are on a month-to-month rent basis and all tenants are aware that the property is for sale. Contact listing agent Mackenzie Scott to request a pro-forma to see market rents, calculation of cap rate (5.4%), etc. Pet Policy: No restrictions, maximum number of pets is negotiable. Current tenants have dogs. There are no cats currently on the property. Occupancy has been 100% for this property and owners have intentionally left the single-family home with mother-in-law basement vacant in preparation for the sale. Basement mother-in-law unit shares gas and power meters with the above single-family home, 2197. New Roof built for 2197 by Roof Tek in November of 2020.
Millcreek Home for Sale
2197 E, CLAYBOURNE, Millcreek, Utah 84109, Salt Lake County
- Sqft: 5,650 Sqft