Homes for sale - 48 E 200 N, Salt Lake City, UT 84103

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Brady Johnson

bradyj@ranlife.com +1(801) 915-3371

$899,444

Est. payment - /mo

3 Beds

3 Baths

1,929 SqFt

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UPDATED:

12/03/2024 04:59 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,929 sqft

Price per Sqft $466

Subdivision Capitol Hill Historic District

MLS Listing ID 2028030

Style Stories: 2

Bedrooms 3

Construction Status Blt./Standing

HOA Y/N No

Year Built 1888

Annual Tax Amount $2,322

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 0.0x0.0x0.0

Property Description

INVEST OR OCCUPY! SCHEDULE A SHOWING TODAY! SUBMIT AN OFFER! OWN IN THE CAPITOL HILL HISTORIC DISTRICT! REGISTERED HISTORIC PROPERTY! Steps from Capitol Hill discover The Moroni Heber Kimball House at 48 East 2nd North. Formerly owned by Heber Kimball, a leader in the early Latter Day Saint movement who served as one of the original twelve apostles; then sold to William Spry who was the third governor of the State of Utah and the U.S. Marshal for Utah. This income-generating triplex has exceptional tenant retention and represents an incredible investment opportunity. 48 East 2nd North is also an irreplaceable component of The Capitol Hill Historic District. This Folk Victorian style multiunit is estimated to be built circa 1888 in an esteemed neighborhood of incredible landmarks. Long tenured tenants, some of whom have called this place home for decades, drive consistent revenue and low operating expenses and rare vacancy. Zoned RMF-75, there is optionality as a multi-family, single-family, or short-term rental. Additional features include a laundry room along with individual gas and electricity meters. All other expenses are allotted pro-rata to each unit paid by the tenants for easy management. The monthly rental charges for each one-bedroom unit at The Moroni Heber Kimball House are gross amounts of $1,053, $993, and $1,223, which includes a trash valet subscription fee, property tax fee, a media package fee, and additional charges based on monthly water usage. Almost $40,000 in stable gross yearly revenue with the ability for rental income growth consistent with the averages in The Capitol Hill neighborhood for one bedroom rentals which average between $1,400 and $1,600 depending on the source. All leases expire in September 2025. All of the tenants have parking passes directly behind the house. Tenants have everything: parking; trash valet, beautiful big windows; two-single-level-living floorplans; vaulted ceiling in the upstairs apartment; individual meters; updated features; and historic charm. The Heber Kimball floorplans are an outstanding feature not many historic properties contain because they feature great ceiling height and very little obsolescent unfunctional spaces. This property truly stands out as a rarity with no sales history in Utah's online multiple listing service records, making this a once-in-a-lifetime chance to own a piece of Salt Lake City's rich history. The property is also listed as a single-family residence, subject to county-approved conversion as an additional option to its future owner see MLS #2028035. Don't miss out on this extraordinary opportunity to own a historic, revenue-generating property on Capitol Hill. Only a handful of historic buildings are listed each year in The Capitol Hill Historic District, and each one offers something unique, this treasured triplex may just become your favorite acquisition yet. Upon request, a rental income statement is available. Contact the listing agent for more details or your agent today. All questions are welcome and encouraged.

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Single-Family, Multi-Family, Short Term Rental Allowed

Interior

Interior Features Vaulted Ceilings

Heating Gas: Central

Flooring Carpet, Linoleum

Inclusions Dryer, Washer

Fireplace No

Window Features Blinds

Exterior

Exterior Feature Double Pane Windows, Patio: Covered, Porch: Open, Stained Glass Windows

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Pitched,Tile

Present Use Residential

Topography Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Drip Irrigation: Auto-Part

Handicap Access Single Level Living

Porch Covered, Porch: Open

Private Pool false

Building

Lot Description Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Drip Irrigation: Auto-Part

Faces North

Sewer Sewer: Connected

Water Culinary

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Bonneville

Middle Schools Hillside

High Schools East

School District Salt Lake

Others

Senior Community No

Tax ID 09-31-309-034

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by KW Salt Lake City Keller Williams Real Estate

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Brady Johnson

+1(801) 915-3371

Broker Associate | License ID: 6288585-AB00

Broker Associate License ID: 6288585-AB00

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48 E 200 N Salt Lake City, UT 84103

Brady Johnson

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48 E 200 N