3443 W RIDGELAND PARK DR #1 new Save Request In-Person Tour Request Virtual Tour
West Valley City,UT 84119
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,036 sqft
Price per Sqft $236
MLS Listing ID 2055441
Style Stories: 2
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Fees $155/mo
Year Built 1994
Annual Tax Amount $991
Lot Size 435 Sqft
Property 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.
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Evaporative Cooling
Flooring Carpet,Linoleum
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Patio: Open
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Amenities Available Playground
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Building
Lot Description Curb & Gutter,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain
Story 2
Sewer Sewer: Connected
Water Culinary
Structure Type Brick
New Construction No
Schools
Elementary Schools Hillsdale
Middle Schools West Lake
High Schools Granger
School District Granite
Others
Monthly Total Fees $155
Acceptable Financing Cash
Listing Terms Cash