Total square footage figures are provided as a courtesy estimate only and were obtained from previous listing MLS #1165756. From Weber county assessor office, the total square footage is estimated to be 10186. Buyer is advised to obtain an independent measurement. the property generates a steady stream of cash flow. This is a premium location, only a few blocks from Weber State University. Right on the Harrison BLVD commercial Corridor. Good elementary school. A lot of tenants come and stay for Shadow Valley Elementary. Very solid tenants. Many has been here for more than 5 years. Rent increase 4-5% for existing tenants. Can be higher market rate. The criteria for lease here: income over 2.75 times of the rent and no drug related history. Owner tests every unit for drug during turnover. Can provide a record of clean history for every unit. There is a combination of architectural and building styles. A row of five townhouse-styled units were added in 1960. Owner pays water, sewer, dumpster. Majority of the units are individually metered for power and gas. some units have joint meters, with utility included in rent. Major capital spending has been made during the current ownership, total $168,400. The main sewer lateral was replaced in 2014 with a street excavation permit to connect to the city sewer on Van Buren. A second sewer lateral was discovered in 2015 and was replaced. Three furnaces and Six water heaters were replaced. All pitched roof were replaced (Unit 11 in 2014, Unit 7 and 9 in 2019). 14 new windows in last four years. A new coin-op laundry. New laminate and LVP floors in every unit. Fresh paint during every turnover. A new cement driveway of 150 feet was installed in 2019.
Electric Dryer Hookup, Laundry: Coin, Laundry: Hookups, Workshop
Gas: Connected, Power: Connected, Sewer: Connected, Water: Connected
Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
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