424 CENTER, Salt Lake City, UT 84103
1BD/—BA Residential in Salt Lake City, UT 84103. 620 sqft. Built 1972. Listed at $229,900. MLS #2142350.
1BD/—BA Residential in Salt Lake City, UT 84103. 620 sqft. Built 1972. Listed at $229,900. MLS #2142350.
GREAT investment opportunity! Can be owner occupied or a Rental Investment. All the amenities and quite neighborhood! Beautiful and cozy 1 bedroom condo in a wonderful location. *NEW* HVAC & Water heater in - 2024, Motorized blinds, Google Fiber and All Utilities Paid (excluding Electricity). Enjoy living within walking distance to down town, parks & nightlife. Assumable FHA Loan.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
GOVERNOR'S SQUARE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.01 sq ft
Above Grade Area
620 sq ft
Condition
Blt./Standing
MLS #
2142350
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
GOVERNOR'S SQUARE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.01 sq ft
Above Grade Area
620 sq ft
Condition
Blt./Standing
MLS #
2142350
List Price
$229,900
HOA Fees
$295 / Monthly
Annual Taxes
$972
Home Warranty
No
List Price
$229,900
HOA Fees
$295 / Monthly
Annual Taxes
$972
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Hardwood,Tile
Basement
None
Materials
Stucco
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Hardwood,Tile
Basement
None
Materials
Stucco
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
43% below
vs Market Median
11% below
Area Growth (YoY)
0.1%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 43% below the median of similar listings
Priced 11% below the per-subtype city median
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$1,010/mo (-55.2% return on ownership cost) · STR net cashflow -$1,089/mo (-59.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$930/mo
Range: $642 – $1,218
Net Monthly Cash Flow
−$1,010 /mo (−$12,122/yr)
Monthly rental income
Monthly ownership cost
Coverage
51%
Net /mo
−$1,010
DSCR
0.71
Est. Annual Revenue
$12,673/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,088 /mo (−$13,057/yr)
Monthly STR income
Monthly ownership cost
Coverage
58%
Net /mo
−$1,089
DSCR
0.65
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
-60% vs median
57 days
615
$184,000 – $7,995,000
$972
$295/monthly
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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