4931 300, Washington Terrace, UT 84405
60BD/—BA Residential in Washington Terrace, UT 84405. 21,560 sqft. Built 1998. Listed at $4,500,000. MLS #2110397.
60BD/—BA Residential in Washington Terrace, UT 84405. 21,560 sqft. Built 1998. Listed at $4,500,000. MLS #2110397.
$4,500,000
Although presently rented as apartments, units were constructed as condo units with individual parcel ID numbers. 20 separate units, each with: 3 bedrooms, 1 bathroom Individual ownership potential - units are structurally and legally set up for separate condominium conversion. Distinct utilities per unit for seamless transition to individual ownership or rentals. In-unit laundry hookups (washer and dryer ready). Central heating and air conditioning for tenant comfort. Dual parking: one covered and one uncovered stall per unit. Low-hassle Income Producer: Strong rental history with excellent occupancy - reliable cash flow potential. Ideal for a condo-conversion strategy: New owner could establish an HOA and sell units individually, or continue as turnkey rentals. Tax-Smart Opportunity: 1031 Exchange Eligible Perfect for investors looking to defer capital gains taxes through a 1031 tax-deferred exchange. Timing-sensitive - potential for rapid closing with proper Qualified Intermediary setup. Why It Stands Out: Investor-flexible design: Easily manage as a single asset or subdivide into individual condo units. Turnkey-ready systems: Utilities, HVAC, and parking are already broken out per unit, saving conversion hassle. Strategic tax advantages: Eligibility for a 1031 exchange makes it a powerful tool for portfolio growth and tax deferral.
Property Type
Residential
Property Style
> 4 Units
Subdivision
JAMES PLACE
County
Weber
Zoning
Multi-Family
Construction
Brick
Lot Size
0.97 sq ft
Condition
Blt./Standing
MLS #
2110397
Property Type
Residential
Property Style
> 4 Units
Subdivision
JAMES PLACE
County
Weber
Zoning
Multi-Family
Construction
Brick
Lot Size
0.97 sq ft
Condition
Blt./Standing
MLS #
2110397
List Price
$4,500,000
Annual Taxes
$35,904
Home Warranty
No
List Price
$4,500,000
Annual Taxes
$35,904
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asbestos Shingle
Flooring
Carpet,Laminate
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary,Secondary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Roof
Asbestos Shingle
Flooring
Carpet,Laminate
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary,Secondary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
$400,000
+1025% vs median
46 days
22
$257,000 – $599,900
$35,904
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