MLS® ID: 1616465
Holladay, Utah, 84124 $650,000
EXCELLENT MULTI FAMILY INVESTMENT W/NET ZERO ENERGY (is a net contributor to the grid with effectively NO UTILITY ENERGY COSTS. GROSS INCOME $48k/yr, all utility expense: $756/yr. Prop Tax: $2878. NET INCOME: $44,366 = 6.8% CAP RATE. Two extensive SOLAR ARRAYS provide covered parking. Electric car charging on site. The 2,240 sq ft / 1,120 sq ft on each level has been updated with the highest quality highly efficient systems. Zoning is multi family. Current use upstairs is office with equivalent of 4 bedrooms and two bathrooms with a shower. Downstairs is 3 bedrooms, a bath and an open area and full kitchen. Great Traffic (18,000/day) and visibility on Highland Dr in Holladay. Zoned for 16 units per acre, 3 possible residential units on parcel. Handicap Access, Parking, and quick access to I-215 and I-15. A great multi family investment or business location. Note, not all bedrooms currently have closets. Property is a legal non-conforming office use for a conversion completed under Holladay City in multifamily RM zone. Note photos. Excellent office or muli-family owner user or investment opportunity.