MASSIVE PRICE DROP! Welcome to your prime investment opportunity nestled in the heart of East Millcreek! This impressive 4-plex not only boasts a prime location but also offers amazing income potential. Positioned in a highly sought after area, this property is a haven for renters seeking convenience and quality living. With its proximity to amenities, schools, parks, and transportation routes, tenants will enjoy the ease of access to everything they need. Each unit within this well-maintained 4-plex was fully updated in 2021 making this property an immediate income generating property. Whether you're an experienced investor or just starting out, this 4-plex presents a lucrative opportunity to maximize returns and to capitalize on the East Millcreek market. Don't miss out on the chance to own a piece of prime real estate with endless possibilities for income growth. Schedule a showing today and explore the vast potential that this 4-plex has to offer!
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/10/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,058
Per Month
Principal & Interest
$4,991
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,065
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Rosecrest School
2420 Fisher Ln
Distance between this listing and this school1.10 miles
Public District Grades PK-6
Middle School
5
/10
Evergreen Jr High School
3401 S 2000 E
Distance between this listing and this school0.62 miles
Public District Grades 7-9
High School
6
/10
Olympus High School
4055 S 2300 E
Distance between this listing and this school1.72 miles
Public District Grades 10-12
Assigned Schools
9
/10
Rosecrest School
2420 Fisher Ln
Distance between this listing and this school1.10 miles
Public District Grades PK-6
Nearby Schools
9
/10
Highland Park School
1738 E 2700 S
Distance between this listing and this school0.47 miles
Public District Grades KG-6
9
/10
William Penn School
1670 Siggard Dr
Distance between this listing and this school0.93 miles
Public District Grades KG-6
Assigned Schools
5
/10
Evergreen Jr High School
3401 S 2000 E
Distance between this listing and this school0.62 miles
Public District Grades 7-9
Nearby Schools
5
/10
Nibley Park School
2785 S 800 E
Distance between this listing and this school1.36 miles
Public District Grades PK-8
7
/10
Wasatch Jr High School
3750 S 3100 E
Distance between this listing and this school2.07 miles
Public District Grades 7-9
Assigned Schools
6
/10
Olympus High School
4055 S 2300 E
Distance between this listing and this school1.72 miles
Public District Grades 10-12
Nearby Schools
5
/10
Salt Lake School For The Performing Arts
2291 S 2000 E
Distance between this listing and this school1.19 miles
Public Charter Grades 9-12
4
/10
Highland High School
2166 S 1700 E
Distance between this listing and this school1.33 miles
The neighbors living near this home have an average income of $69,160. Residents of Salt Lake City, UT typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
This home is located at 1836 E Gregson Ave S in Millcreek, UT and zip code 84106. This 2,498 square foot home, which was built in 1953, sits on a 0.19 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $1,000,000.
In May 2024 in Salt Lake City, UT there were 86.5% more homes for sale than in April 2024. In May 2024 median list price was $649,999 and the average listing age was 54 days.
From Rocket Homes Real Estate and based on county public records data.