$209,000
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3 Beds
2 Baths
1,036 SqFt
SOLD DATE : 03/28/2025
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,036 sqft
Price per Sqft $184
MLS Listing ID 2055441
Sold Date 03/28/25
Style Stories: 2
Bedrooms 3
Full Baths 1
Half Baths 1
Construction Status Blt./Standing
HOA Fees $72/mo
HOA Y/N Yes
Abv Grd Liv Area 1,036
Year Built 1994
Annual Tax Amount $991
Lot Size 435 Sqft
Acres 0.01
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Condominium
Property Description
DO NOT DISTURB THE TENANTS, PLEASE! No showings. Offers subject to inspection. This might be the most "no brainer" investment opportunity ever. Likely buyers include individuals currently in a tax deferred exchange or patient house flipper. This community has been participating in the 30 year Low Income Housing Tax Credit (LIHTC) Program for 29 years, with 1 year remaining! Once the LIHTC period expires at the end of 2025, the then owner is free to occupy, improve the property, or increase rents. Until then they can be purchased with CASH ONLY (a lender or two MIGHT lend on this) and become a nice and worry free investment. All 64 units are required to be managed by the same management company. All 64 units CANNOT be owner occupied, or improved upon until the Program term expires at the end of 2025. All 64 units must follow the program dictated rental rates until the program expires, Etc.
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Multi-Family
Rooms
Basement None
Interior
Interior Features Disposal
Heating Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Linoleum
Fireplace false
Window Features Blinds
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Patio: Open
Carport Spaces 1
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Amenities Available Playground
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
Porch Patio: Open
Total Parking Spaces 1
Private Pool false
Building
Lot Description Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain
Faces East
Story 2
Sewer Sewer: Connected
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Hillsdale
Middle Schools West Lake
High Schools Granger
School District Granite
Others
Senior Community No
Tax ID 15-20-459-061
Acceptable Financing Cash
Horse Property No
Listing Terms Cash
Financing Cash
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Bought with Black Diamond Realty