3135 200, South Salt Lake, UT 84115
8BD/—BA Residential in South Salt Lake, UT 84115. 3,328 sqft. Built 1973. Listed at $1,200,000. MLS #2153631.
8BD/—BA Residential in South Salt Lake, UT 84115. 3,328 sqft. Built 1973. Listed at $1,200,000. MLS #2153631.
Don't miss this rare chance to acquire a true legal conforming 4-plex with assumable seller financing at 5.5%. All four units are 2BD/1BA at 832 sq ft each, generating $6,135/month in gross rental income. The seller financing is an all-inclusive trust deed on an existing note amortized over 30 years with a balloon due October 31, 2030 - a qualified buyer with approximately $428,000 down steps directly into the note and locks in below-market financing on day one. The property has been comprehensively updated in the last three years: new roof, new furnaces and A/C units, brand new kitchens with granite countertops and soft-close cabinetry, new appliances and washer/dryers in every unit, new tile bathrooms, new electrical panels, and a full french drain. All four units have separate gas and electric meters, covered carport parking, and full laundry hookups. There is zero deferred maintenance and no capital improvements on the horizon - just clean, stable cash flow in a strong Salt Lake rental market. Always full occupancy. DO NOT DISTURB TENANTS. Make offers subject to inspection. Call listing agent prior to writing offer. Square footage per appraiser measurement - buyer to verify all information.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Up And Down
Subdivision
TEN AC PLAT A
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.18 sq ft
Condition
Blt./Standing
MLS #
2153631
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Up And Down
Subdivision
TEN AC PLAT A
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.18 sq ft
Condition
Blt./Standing
MLS #
2153631
List Price
$1,200,000
Annual Taxes
$6,751
Home Warranty
No
List Price
$1,200,000
Annual Taxes
$6,751
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
4
Total Parking
4
Covered Spaces
4
Total Parking
4
Classification
Standard
Deal Score
25/100
vs Similar Homes
50% above
vs Market Median
32% above
Area Growth (YoY)
1.2%
Deal Score Breakdown
25/100
1.2% year-over-year ZHVI growth in this area
Priced 50% above the median of similar listings
Priced 32% above the per-subtype city median
STR net cashflow -$3,487/mo (-42.8% 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.
Est. Annual Revenue
$79,801/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$3,488 /mo (−$41,859/yr)
Monthly STR income
Monthly ownership cost
Coverage
82%
Net /mo
−$3,487
DSCR
0.78
Elementary
LincolnMiddle School
Granite ParkHigh School
CottonwoodSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$472,340
+154% vs median
64 days
33
$190,700 – $715,000
$6,751
High Crime
29.1
per 1,000
89.6
per 1,000
61.5
per 1,000
180.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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