1131 W Arapahoe Ave, Salt Lake City, UT 84104
Steady high yielding triplex on a nice private residential street. Close to parks, freeway access, and downtown Salt Lake. Property is 100% rented with stable rents. Two of the three units are paid for by housing. Gross annual income is $32,916 with a gross annual rent/list price ratio of 7.31%. There is still upside to increasing rent the long term tenant that has been renting a 2bd 1br for $795/mo. There are 2 gas meters and 3 electric meters. 1 bedroom unit is on electric heat with a 3rd meter. Make offer subject to inspection. Buyer is advised to obtain independent measurements.