329 LAMBOURNE Avenue

329 LAMBOURNE Avenue South Salt Lake, Utah 84115 United States

This is a great opportunity to own a well-maintained fourplex in the southeast quadrant of Salt Lake County. Featuring four 950 SF units, all with the same floorplan (two bed, 1 bath, 1 laundry, 1 kitchen, water heater, furnace). There are 12 parking spaces (6 tandem stalls) for tenants to use. Each unit includes a small shed. Newer membrane roof (2017). Unit 1 (front top unit): $1200/mo, lease expires end of August 2023. Unit 2 (font bottom unit): $1100/mo, lease expires end of August 2023. Unit 3 (rear top unit): $1200/mo, lease expires end of July 2023 (Landlord is renewing lease for one year at $1,200/mo. Unit 4 (rear bottom unit): $1,400/mo, lease expires end of February 1, 2024. Rents are all below market. Each unit has been updated recently with various solid surface flooring, newer paint, updated bathrooms, and/or kitchens depending on the unit. Vinyl double pane windows (2016). NO showings prior to going under contract, DO NOT disturb tenants. Contact listing agents for additional pictures of each unit; the pictures are current and were taken on 6-28-22. DO NOT disturb tenants. The pictures are current of each unit and depict their current condition. Inspection/tour can be arranged after property is put under contract. Seller will be performing a 1031 exchange.

Listing Courtesy of Newmark ,WFR MLS