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376 E 5TH Ave

Salt Lake City, UT 84103
  • $1,400,000
  • STATUS: Active Under Contract
  • ON SITE: 76 Days
  • ID#: 1887841
Under Contract
UPDATED: 25 min ago
$1,400,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $280
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

When I was young, I wasn't very good at the game of Monopoly. I loved the little car and shoe pieces best. However, over the years I've learned that 90% of billionaires make their fortune through some form of real estate. I love the idea of passive income and how the American Dream can be achieved by people from all walks of life-one rental property at a time. Recently, I've found myself thinking about the idea of time, and how time is on your side with any form of investment. We can only wish that we had purchased a home at market price ten years ago, or picked up some shares in Google stock when they were only a few dollars. Hindsight is 20/20. What I am reminded of is: whatever you buy now, you'll wish you had invested in ten more in ten years. Time is on your side and this is an amazing opportunity to start (or add to) your real estate empire with these wonderful rentals.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-09-26T18:39:39.06. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.bearphelpsgroup.com/homes/141372961
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376 E 5TH Ave Salt Lake City, UT 84103

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: 76 Days
  • Updated: 25 min ago
  • ID#: 1887841
6
Beds
5
Baths
0
½ Baths
0.14
Acres
5,000
SQFT
$280
$/SQFT
1900
Built
Neighborhood:
Avenues
County:
Salt Lake
Area:
Salt Lake City: Avenues Area
Elementary School:
Ensign
Middle School:
Bryant
High School:
West
School District:
Salt Lake
Property Description
When I was young, I wasn't very good at the game of Monopoly. I loved the little car and shoe pieces best. However, over the years I've learned that 90% of billionaires make their fortune through some form of real estate. I love the idea of passive income and how the American Dream can be achieved by people from all walks of life-one rental property at a time. Recently, I've found myself thinking about the idea of time, and how time is on your side with any form of investment. We can only wish that we had purchased a home at market price ten years ago, or picked up some shares in Google stock when they were only a few dollars. Hindsight is 20/20. What I am reminded of is: whatever you buy now, you'll wish you had invested in ten more in ten years. Time is on your side and this is an amazing opportunity to start (or add to) your real estate empire with these wonderful rentals.
Exterior Features

Architectural Style Five-Plex Attached Garage YN No Carport YN No Construction Materials BrickFrame Construction Status Blt./Standing Covered Spaces 0 Exterior Features Basement EntranceEntry (Foyer)Porch: Open Frontage Length 0.0 Garage YN No Horse Property YN No Lot Features Corner LotCurb & GutterFenced: PartRoad: PavedSidewalksSprinkler: Auto-Full Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking Spaces 2 Open Parking YN No Other Equipment Window Coverings Parking Total 2 Patio And Porch Features Porch: Open Pool Private YN No Roof Asphalt RVParking Dimensions 0.00 Spa YN No Topography Corner LotCurb & GutterFenced: PartRoad: PavedSidewalksSprinkler: Auto-Full Vegetation Landscaping: FullMature Trees View YN No Waterfront YN No

Interior Features

Accessibility Features Accessible DoorsAccessible Hallway(S)Accessible Electrical And Environmental ControlsSingle Level Living Bathrooms Partial 0 Bathrooms Total 5 Building Area Total 5000 Cooling YN No Fireplace YN No Flooring Hardwood Heating Forced AirGas: CentralHot Water Heating YN True Interior Features Alarm: FireDishwasher: Built-In Rooms Total 0 Window Features BlindsDrapes

Property Features

Association YN No Cross Street 250 Current Use Residential Direction Faces North Inclusions DryerRefrigeratorWasherWindow Coverings Irrigation Water Rights Acres 0 Lease Considered YN No Listing Terms CashConventional New Construction YN No Ownership Property Owner Property Attached YN No Property Condition Blt./Standing Property Sub Type > 4 Units Senior Community YN No Sewer Sewer: ConnectedSewer: Public Tax Annual Amount 6919 Utilities Natural Gas ConnectedElectricity ConnectedSewer ConnectedSewer: PublicWater Connected Water Source Culinary Zoning Multi-Family Zoning Description Sr-1

Listing provided courtesy of Summit Sotheby's International Realty: 801-467-2100. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2023 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-09-26T18:39:39.06. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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Bountiful UT, 84010