Git2Own

I was asked to forward this duplex on - it is listed, but they just lowered the price because of verbal acceptance of short sale from lender. I usually don't forward listed properties. But this could be a good renter.

Looks like it could be a good cash flow - but check it out and do your research. Call Joe Reardon to get in or make offers:

Joe Reardon
801-208-5986 - Office
801-608-9224 - Cell
joe@yourjk.com

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We have the best priced Duplex in the entire Southeast quadrant of Salt Lake County. Not only that, its brick and in a prime location! This is a great opportunity to either buy and hold or fix and flip. Amazing potential either way.

We have a verbal short sale approval and just waiting for the written document. This will happen quickly.

SEE ATTACHED LISTING "SUBJECT" We have just changed the price
818 E 1300 S
Salt Lake City, UT 84105

After Repaired Value
$260,000-300,000+ based upon SOLD comps from last 90 days.
Can e-mail you comps.
NOTE: Active Comps are ALL THE DUPLEXES from 0E to 1300E and from 0S to 2500S, you can pull more if you like, but I thought this was plenty to make the point.

Brick Building Duplex
Side by side
2832 Sqft Total
786 sqft 2BR 1 BA each side with additional 630 sqft unfinished basement with 7 foot+ ceilings on each side, too.
Some Hardwood Floors underneath carpet (You can look around heating vent in living room and carpet pulled back in corner of big bedroom)

Currently, East unit is vacant. Needs: Carpet, Paint, New Bath Surround.

West unit is occupied by tenant who is willing to sign a new lease for $600/month. Needs: New Bath Surround. Tenant knows this rent is low and that he might have to move. If you keep him, replacing the Bath Surround would probably be the only thing needed in the short term, although if you were going to bring in a new tenant you would probably want to Paint and Carpet, as well.

The most value would be from converting each unit to 3/4 BR 2 BA by utilizing basement space.

You should check for yourself, but looking at Craigslist and Express Rentals, a 3/4 BR 2 BA unit would go for at least $850 and as high as $1200 per month. That is $1700-$2400 income per month.

$159,900 CASH OR EQUIVALENT

Call me for key box code and questions
owner/agent, buyer to verify all
Joe Reardon
801-208-5986 - Office
801-608-9224 - Cell
joe@yourjk.com