Welcome to Five Regents, a prime leasehold property in a vibrant community, offering the perfect blend of comfort, convenience, and recreational amenities. With a leasehold term extending until 2078, this property presents an exceptional investment opportunity, promising great potential with many years remaining on the lease. The studio unit is rental-occupied, collecting a monthly rent of $1400.00. The building boasts many amenities including a pool, sauna, tennis court, basketball hoop, recreation/meeting room, community laundry room, site manager, one assigned covered parking, and guest parking. Electricity is sub-metered for the unit and billed through the monthly maintenance fee statement. Upcoming increases, effective January 2025, for maintenance fees, will be $470.24, and the special assessment will be $110.15 (insurance and reserve fund requirements). Schedule a viewing today!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1 / 0
- Full Bathrooms: 1
Interior Features
- Furnished Description: Partial
- Flooring: Laminate
Land Info
- Lot Size Acres: 1.1510102
- Lot Size Square Feet: 50138
Garage and Parking
- Parking Features: Assigned, Covered - 1, Guest
- Parking Total: 1
Home Features
Homeowners Association
- Maintenance Expense: 428.28
Amenities and Community Features
- Community Features: BBQ, Community Laundry, Meeting Room, Pool on Property, Recreation Room, Resident Manager, Sauna, Tennis Court, Trash Chute
Other Property Info
- Odd# Unit
- Annual Tax Amount: 829.56
- Source Listing Status: Active
- Source Property Type: Condo/Townhouse
- Inclusions: AC Window Unit, Cable TV, Disposal, Range Hood, Range/Oven, Refrigerator, Smoke Detector
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: SALT LAKE
- Ownership Type: Leasehold
- Parcel Number: 1-1-1-62-24-84
- Subdivision: SALT LAKE
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 300
- Year Built: 1978
- Building Name: Five Regents
- Construction Materials: Concrete, Masonry/Stucco
- Entry Level: 12
- Property Age: 46
- Property Condition: Excellent
- Levels or Stories: 21+
- House Style: High-Rise 7+ Stories