655 S 800 E, Salt Lake City, UT, 84102

655 S 800 E Salt Lake City, UT 84102

655 S 800 E, Salt Lake City, UT, 84102
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$985,000
Last Verified:
Jan 24, 2024


Description

TBD

Very desirable VALUE ADD Fourplex situated in the heart of Salt Lake. Located just .5 mile away from 9th and 9th and under 2 miles away from City Creek Center, the University of Utah, and more. Lots of potential to rehab this property to boost returns. Seller financing is on the table, please reach out to agent to discuss. This property has a non-conforming 5th unit that can be rented for additional income. The property has been owned by the same owner for many years and rents are below market. Measurements are an estimate only and are given as a courtesy. Do not disturb tenants. Buyer/agent is advised to obtain independent measurement.


Year Built: 1906
Building Size: 3579sq ft
Lot Size: 0.19 acres

Map of 655 S 800 E, Salt Lake City, UT, 84102

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.