Property Description

**Do not disturb tenants** 640 Vine St is a well-located fourplex right on the southwest intersection of Vine St and 5300 S in Murray. The property has significant value-add potential, as only one of the units has been renovated and the rents are well below market. That renovated unit has been left vacant so that someone can “house-hack” the property or live in the unit while renting the other three to help pay for the mortgage. The property was built in 1970. The units are all desirable 2BD/1.5BA units with stackable washer and dryers. They are large 2-story units that are roughly 1,036 SF. There are 6 covered parking stalls and 4 storage units for the tenants. There is also a shed on site, with electrical power, that an owner can use for storage or rent to tenants for auxiliary income. The average rent is $1,514/month. The average rent of similar units in the area is $1,795. There is therefore a value-add opportunity available by taking the rents to market. An investor can also charge for utility reimbursement, storage, and parking. 640 Vine is conveniently located just minutes from I-15 and I-215. Murray City offers freeway access at two entrance/exits on I-15 and three entrance/exits on I-215. There are three TRAX light rail stations, and the UTA FrontRunner goes through Murray as well. Many retail destinations are very close to the property including Costco, the Oakwood Village Shopping Center and the very popular Sports Mall. The Sports Mall is a premier athletic and tennis club that has tennis courts, sand volleyball courts, indoor basketball courts, swimming pools, fitness classes and much more. World class skiing can be found only 30 minutes from the property at Snowbird, Solitude, Brighton and just a little further is Park City.

Address Map
W112° 7′ 35.9”
N40° 39′ 21.1”
Additional Information
Pathway Properties, LLC
05/25/2024 10:06:54
04/18/2024 23:03:52
05/24/2024 17:27:20
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Murray Home for Sale

640 E, VINE, Murray, Utah 84107, Salt Lake County

  • Bedrooms : 8
  • Bathrooms : 4
  • Sqft: 4,284 Sqft
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Basic Details
Status : Active
MLS : 1993234
Property Type : Quadruplex
Price : $1,150,000
Bedrooms : 8
Bathrooms : 4
Sqft : 4,284 Sqft
Year Built : 1970
Lot Area : 0.30 Acre
Country : US
State : Utah
County : Salt Lake
City : Murray
Zipcode : 84107
Days On Market : 65
Style : Stories: 2
Agent info
Dynasty Point
7390 s Creek Rd #204 Sandy Ut 84093
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