Listed By Pathway Properties, LLC, David A Galant
385-423-8589
640 E VINE ST Murray, UT 84107
$1,200,000
8
Bedrooms
4
Total Baths
—
Full Baths
4,284
Square Feet
0.30
Acres
1970
Year Built
Active
Status
MLS#
1993234
**Do not disturb tenants** 640 Vine St is a well-located fourplex right on the southwest intersection of Vine St and 5300 S in Murray. The property has significant value-add potential, as only one of the units has been renovated and the rents are well below market. That renovated unit has been left vacant so that someone can "house-hack" the property or live in the unit while renting the other three to help pay for the mortgage. The property was built in 1970. The units are all desirable 2BD/1.5BA units with stackable washer and dryers. They are large 2-story units that are roughly 1,036 SF. There are 6 covered parking stalls and 4 storage units for the tenants. There is also a shed on site, with electrical power, that an owner can use for storage or rent to tenants for auxiliary income. The average rent is $1,514/month. The average rent of similar units in the area is $1,795. There is therefore a value-add opportunity available by taking the rents to market. An investor can also charge for utility reimbursement, storage, and parking. 640 Vine is conveniently located just minutes from I-15 and I-215. Murray City offers freeway access at two entrance/exits on I-15 and three entrance/exits on I-215. There are three TRAX light rail stations, and the UTA FrontRunner goes through Murray as well. Many retail destinations are very close to the property including Costco, the Oakwood Village Shopping Center and the very popular Sports Mall. The Sports Mall is a premier athletic and tennis club that has tennis courts, sand volleyball courts, indoor basketball courts, swimming pools, fitness classes and much more. World class skiing can be found only 30 minutes from the property at Snowbird, Solitude, Brighton and just a little further is Park City.
Details for 640 E VINE ST
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Pathway Properties, LLC, 385-423-8589
MLS# 1993234
Updated 11:57AM - 5/3/2024
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. 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. Information deemed reliable but not guaranteed accurate. Copyright © 2024 Wasatch Front Regional Multiple Listing Service, Inc. All rights reserved.
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