Description
This is a rare opportunity to own a solid brick mixed-use property in Draper near the Tech Mecca at the point of the mountain. The property is fully remodeled and leased with professional property management in place to make this a complete turnkey investment for the right Buyer. There is a total of two buildings on one tax parcel. There is one residential building and there is one commercial retail/shop space with a bathroom, internet, and CCTV. There is a total of three residential units and two commercial units. There is no HOA currently in place or required. Both buildings have a TPO membrane 50-year roof installed in 2019, laundry hookups in all three residential units, new flooring throughout in all three residential units, and updates to fixtures, appliances, and window coverings, etc have already been made in 2019. Also in 2019, the triplex received a new electrical meter base and all new electrical wiring as well. Top market rents make this a great buy-and-hold cash-flowing investment for years to come. This is also an excellent value add opportunity as the future of this part of the valley is bright and redevelopment is everywhere right now including both North and South of this property.
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5BEDS
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0.8ACRES
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5BATHS
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01/2 BATHS
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4,181SQFT
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$209$/SQFT
School Information
Description
This is a rare opportunity to own a solid brick mixed-use property in Draper near the Tech Mecca at the point of the mountain. The property is fully remodeled and leased with professional property management in place to make this a complete turnkey investment for the right Buyer. There is a total of two buildings on one tax parcel. There is one residential building and there is one commercial retail/shop space with a bathroom, internet, and CCTV. There is a total of three residential units and two commercial units. There is no HOA currently in place or required. Both buildings have a TPO membrane 50-year roof installed in 2019, laundry hookups in all three residential units, new flooring throughout in all three residential units, and updates to fixtures, appliances, and window coverings, etc have already been made in 2019. Also in 2019, the triplex received a new electrical meter base and all new electrical wiring as well. Top market rents make this a great buy-and-hold cash-flowing investment for years to come. This is also an excellent value add opportunity as the future of this part of the valley is bright and redevelopment is everywhere right now including both North and South of this property.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-09-26T23:39:43.807. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.