Midvale Home For Sale

Midvale Home For Sale

If you’re in the market for a lucrative investment opportunity, look no further than the charming Midvale homes for sale. Located in the heart of Midvale on the edge of Cottonwood Heights, this legal, conforming duplex offers a perfect combination of majestic mountains and the bustling city.

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One of the major advantages of investing in a duplex is the potential for not just one, but two streams of income. Each side of this duplex features 2 bedrooms, a spacious living/dining area, a pantry, and one bathroom. The layout of both units is nearly identical, making it convenient for potential tenants.

Midvale Home For Sale

One of the standout features of this property is the reliable and hard-working tenants currently residing in both units. These dream tenants are renting on a month-to-month basis and are well aware that the rent is currently set at a low $1,100 per side. They can foresee an increase in rent and are open to signing a lease with the new owners.

The roof of the entire property was redone approximately 10-13 years ago, ensuring that you won’t have to worry about any major repairs in that department. Additionally, the location of the property is not on a super busy section of 700 EAST, providing a peaceful living environment for the tenants.

Unit 6848 has seen some recent updates, including newer carpet and tile floors, as well as light renovations. The furnace and hot water tank are relatively new, adding to the overall appeal of the unit. A carport and carport roof were also installed in 2020, providing convenient and protected parking for the tenants.

Unit 6850, on the other hand, requires a total renovation. However, this unit boasts a 20-year tenant, showcasing the stability and attractiveness of this investment opportunity. By investing in the renovation of this unit, you have the potential to significantly increase its rental value.

For those interested in delving deeper into the financial aspects of this investment, a rent analysis is available in the attachments. This analysis will provide you with valuable insights into the potential earnings and return on investment that this duplex can offer.

In conclusion, the Midvale homes for sale present an exciting opportunity for those seeking a new venture. With its prime location, reliable tenants, and the potential for two streams of income, this legal, conforming duplex is a must-consider opportunity. Don’t miss out on the chance to own a piece of this bustling city while enjoying the breathtaking views of the majestic mountains.

6848 S 700, Midvale, UT 84047

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