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.
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 2
- Partial Bathrooms: 1
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
Interior Features
- Disposal
- Flooring: Carpet, Linoleum
- Window Features: Blinds
Appliances
- Laundry Features: Electric Dryer Hookup
Heating and Cooling
- Cooling Features: Evaporative Cooling
- Heating Features: Forced Air
- Heating: Yes
Exterior and Lot Features
- Patio: Open
- Patio And Porch Features: Patio: Open
Garage and Parking
- Carport Spaces: 1
- Covered Spaces: 1
- Parking Total: 1
Land Info
- Lot Description: Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain
- Lot Size Acres: 0.01
- Lot Size Dimensions: 0.0x0.0x0.0
- Topography: Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
- Vegetation: Landscaping: Full
- Lot Size Square Feet: 436
Home Features
Homeowners Association
- Association: Yes
- Association Amenities: Playground
- Association Fee: 155
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 155
School Information
- Elementary School: Hillsdale
- Elementary School District: Granite
- High School: Granger
- High School District: Granite
- Middle School: West Lake
- Middle or Junior School District: Granite
Other Property Info
- Annual Tax Amount: 991
- Source Listing Status: Active
- County: Salt Lake
- Cross Street: 2700
- Current Use: Residential
- Disclaimer: Information not guaranteed. Buyer to verify all information.
- Source Property Type: Residential
- Property Subtype: condo
- Parcel Number: 15-20-459-061
- Postal City: West Valley City
- Zoning: Multi-Family
- Zoning Description: RM
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1036
- Year Built: 1994
- Building Area Total: 1036
- Construction Materials: Brick
- Direction Faces: East
- Living Area Units: Square Feet
- Property Age: 30
- Property Condition: Blt./Standing
- Roof: Asphalt
- Levels or Stories: 2
- House Style: Stories: 2
- Year Built Effective: 2004
- Architectural Style: Stories: 2
Utilities
- Sewer: Sewer: Connected
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source: Culinary
