Residents of Sugar House — so named because of the nearby site of a sugar beet factory in the 1800’s — have a deep affinity for their leafy streets and solid bungalows. Even though this is one of Salt Lake’s oldest neighborhoods, it is rapidly becoming a desirable place to live, work, and shop. The area around 2100 South is dotted with restaurants, coffee shops, and art galleries. As with many sought-after urban residential locations around the country, Sugar House is “walkable.” It’s just a short walk or bike ride to grocery stores, schools, parks, shopping centers, and movie theaters. A newly completed streetcar connects Sugar House with the rest of Salt Lake’s award-winning public transit system. Sugar House Park — with the soaring Wasatch mountains in the background — is a delightful place to jog, ride a bike, walk the dog or just enjoy an afternoon outdoors. Sugar House is also the home of Westminster College, one of the top private liberal-arts colleges in the nation. If you watched the 2014 Winter Olympics in Sochi, Russia, you probably saw Westminster students. Out of 230 athletes on the U.S. team, 23 were attending Westminster. Forbes magazine has ranked Utah the No. 1 state for business four out of the last five years. Salt Lake County is the home of the NBA’s Utah Jazz, Real Salt Lake of the MLS, University of Utah Pac-12 athletics, and was the host of the 2002 Winter Olympic Games.
turn-key fourplex in one of salt lake city′s most in-demand rental corridors—fully leased with a proven income history and built for stability. four well-designed units, each offering a spacious bedroom, full bath, and in-unit laundry, with living space on the main level and the bedroom and bath upstairs. tons of natural light throughout. major systems are already done: new electrical, new plumbing, updated roof, and refreshed interiors mean minimal maintenance and maximum peace of mind. excellent off-street parking. walk to liberty park and 9th & 9th; minutes to salt lake community college, downtown, and transit—a location that keeps quality tenants in place and demand high.
a strong fit for 1031 exchange buyers seeking stabilized income, investors building cash flow, or parents housing a college student while three units offset the cost. stabilized, income-producing, and rare. don′t miss it.
