Awesome investment opportunity just north of Salt Lake in the city of Bountiful. Rents are in the process of being raised (one lease is signed for $1,200 starting December 1). In addition to a higher rent, there are 5 large 12'x28' storage sheds that you could use for your own storage, include them with the current rentals for additional income or you may even want to consider renting them out to others after verifying the possibility with the city. Currently these storage units bring in an additional $100 each in revenue for a total of $500 extra total revenue. 3 of the 4 units have been renovated. The last unit is in good condition, but tenant is long term and renovations have not taken place, so rent is only at $1,000 per month on that unit. 2 furnaces and a water heater were replaced recently. Please do not disturb current tenants. Offers will need to be made subject to inspection and we will get you a full tour after an offer is accepted. The most recently renovated lower unit rented out at $1,150 after being on the market for a couple days.
Listing courtesy of AMERITRUE REAL ESTATE & MANAGEMENT PLLC.