If you’re on the lookout for a great investment opportunity in Utah, then this Utah Duplex For Sale is definitely worth considering. This 4-plex offers incredible value-add potential, with current rents well below market value and a potential monthly income of over $4,000.
One of the most attractive features of this property is that all units are currently on a month-to-month lease. This allows for flexibility in adjusting rental rates to match the current market conditions. With the potential to increase rents, the potential for a higher return on investment becomes even more enticing.
It’s important to note that the current tenants should not be disturbed during the selling process. This means that showings are not available, and any offers made should be subject to inspections. This is a standard practice in real estate to ensure that both parties are protected and have a chance to conduct due diligence.
As the owner, you would be responsible for paying approximately $175 per month for Ogden City, while the tenants are responsible for all other utilities. This setup allows for a more efficient cash flow, as the tenants take care of their own utility expenses.
The property is listed “As Is,”which means that any necessary repairs or maintenance would be the buyer’s responsibility. However, this also presents an opportunity for the buyer to personalize and upgrade the property to their liking.
The fact that this fourplex is fully rented adds to its appeal as an investment property. You can start generating income from day one without the hassle of finding new tenants or dealing with vacancies. This provides stability and reduces the risk typically associated with rental properties.
It’s essential to approach this opportunity with a due diligence mindset. Making offers subject to due diligence allows you to thoroughly investigate the property, ensuring that it meets your investment goals and aligns with your long-term strategy.
In conclusion, this Utah Duplex For Sale offers a fantastic value-add opportunity. With current rents below market value and the potential to increase income significantly, this property has the potential to be a lucrative investment. Remember to respect the current tenants by not disturbing them and making offers subject to inspections. With careful consideration and due diligence, this fully rented fourplex could be the perfect addition to your real estate portfolio.
2626 LIBERTY AVE, Ogden, UT 84401