3443 W Ridgeland Park Dr 1 West Valley City, UT 84119
Listing Courtesy of: UTAH REAL ESTATE / Summit Sotheby's International Realty

  3443 W Ridgeland Park Dr 1 West Valley City, UT 84119

Active (1 Days)
$245,000
3
BED
2
BATH
1,036
SQFT

Description

DO NOT DISTURB THE TENANTS, PLEASE! No showings. Offers subject to inspection. This might be the most no brainer investment opportunity ever. Likely buyers include individuals currently in a tax deferred exchange or patient house flipper. This community has been participating in the 30 year Low Income Housing Tax Credit (LIHTC) Program for 29 years, with 1 year remaining! Once the LIHTC period expires at the end of 2025, the then owner is free to occupy, improve the property, or increase rents. Until then they can be purchased with CASH ONLY (a lender or two MIGHT lend on this) and become a nice and worry free investment. All 64 units are required to be managed by the same management company. All 64 units CANNOT be owner occupied, or improved upon until the Program term expires at the end of 2025. All 64 units must follow the program dictated rental rates until the program expires, Etc.

MLS #:
2055441
Taxes
$991
Lot Size
436 SQFT
Type
Condo
Year Built
1994
Views
True
School District
Granite
County
Salt Lake County

Listed By

Paul Wiseman, Summit Sotheby's International Realty
Source
UTAH REAL ESTATE
Last checked Dec 21 2024 at 4:22 PM MST
Bathroom Details
  • Full Bathroom: 1
  • Half Bathroom: 1
Interior Features
  • Windows: Blinds
  • Laundry: Electric Dryer Hookup
  • Disposal
Lot Information
  • Vegetation: Landscaping: Full
  • View: Mountain
  • Sprinkler: Auto-Full
  • Sidewalks
  • Road: Paved
  • Curb & Gutter
Property Features
  • View: Mountain
  • Flat
  • Terrain
  • Sprinkler: Auto-Full
  • Sidewalks
  • Road: Paved
  • Curb & Gutter
Heating and Cooling
  • Forced Air
  • Evaporative Cooling
Homeowners Association Information
  • Dues: $155/Monthly
Flooring
  • Linoleum
  • Carpet
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Connected, Sewer Connected, Electricity Connected, Natural Gas Connected
  • Sewer: Sewer: Connected
School Information
  • Elementary School: Hillsdale
  • Middle School: West Lake
  • High School: Granger
Stories
  • 2
Living Area
  • 1,036 sqft
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Copyright 2024 Utah Real Estate MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/21/24 08:22