4931 S 300 W Active Save Request In-Person Tour Request Virtual Tour
Washington Terrace,UT 84405
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,560 sqft
Price per Sqft $208
Subdivision James Place
MLS Listing ID 2110397
Bedrooms 60
Year Built 1998
Annual Tax Amount $35,904
Lot Size 0.970 Acres
Property Sub-Type > 4 Units
Property Description
Although presently rented as apartments, units were constructed as condo units with individual parcel ID numbers. 20 separate units, each with: 3 bedrooms, 1 bathroom Individual ownership potential - units are structurally and legally set up for separate condominium conversion. Distinct utilities per unit for seamless transition to individual ownership or rentals. In-unit laundry hookups (washer and dryer ready). Central heating and air conditioning for tenant comfort. Dual parking: one covered and one uncovered stall per unit. Low-hassle Income Producer: Strong rental history with excellent occupancy - reliable cash flow potential. Ideal for a condo-conversion strategy: New owner could establish an HOA and sell units individually, or continue as turnkey rentals. Tax-Smart Opportunity: 1031 Exchange Eligible Perfect for investors looking to defer capital gains taxes through a 1031 tax-deferred exchange. Timing-sensitive - potential for rapid closing with proper Qualified Intermediary setup. Why It Stands Out: Investor-flexible design: Easily manage as a single asset or subdivide into individual condo units. Turnkey-ready systems: Utilities, HVAC, and parking are already broken out per unit, saving conversion hassle. Strategic tax advantages: Eligibility for a 1031 exchange makes it a powerful tool for portfolio growth and tax deferral.
Location
State UT
County Weber
Area Ogdn; W Hvn; Ter; Rvrdl
Zoning Multi-Family
Interior
Heating Forced Air,Gas: Central
Flooring Carpet,Laminate
Inclusions Range, Refrigerator
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Double Pane Windows
Utilities Available Natural Gas Connected,Electricity Available,Sewer Connected,Water Connected
View Y/N No
Roof Type Asbestos Shingle
Building
Lot Description Fenced: Part,Sprinkler: Auto-Full
Sewer Sewer: Connected
Water Culinary,Secondary
Structure Type Brick
New Construction No
Schools
Elementary Schools Roosevelt
Middle Schools T. H. Bell
High Schools Bonneville
School District Weber