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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 12/20/2024 |
|---|---|---|---|
| YEAR BUILT | 1994 | COMMUNITY | Magna; Taylrsvl; WVC; SLC |
| COUNTY | Salt Lake | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Hillsdale |
|---|---|
| Jr. High School | West Lake |
| High School | Granger |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal |
| AREA | Magna; Taylrsvl; WVC; SLC |
| BASEMENT | None |
| CONSTRUCTION | Brick |
| HEAT | Forced Air |
| HOA DUES | 155|Monthly |
| LOT | 436 sq ft |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| STORIES | 2 |
| STYLE | Stories: 2 |
| TAXES | 991 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| ZONING | RM |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Summit Sotheby's International Realty
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