268 W 700 N
Salt Lake City, UT 84103
4
Bedrooms
4
Bathrooms
2,268
Sq Ft
1927
Year Built
About This Property
Walkable Marmalade money maker! Easy to manage/rent, income producer in the heart of the Marmalade district. Walking distance to downtown SLC, public transportation and many other amenities. Great freeway access. All four 1 bed/1 bath units (2 up 2 down) have the same layout and various levels of upgrades. All units have their own furnace, water heater, washer/dryer, full baths, and double paned windows. Full roof replacement in Aug '24. Lower level units are "garden" level with full sized windows and abundant natural light in every room. Separately metered with each unit having their own gas and electric bill.268 A is month to month at $1250/month. 268 B is month to month at $1150/month. 270 A is $975/month with a long term tenant who is moving out at the end of August. This unit will need some work. 270 B tenant just moved out, was at $1175/month ($1125/month base $50/month pet fee). This unit is currently vacant and available to view. Seller financing will be considered with the following terms: 1) Full price offer. 2) 50% down payment. 3) 5.5% interest only years 1-2, 7% years 3-5. Please see attached documents including recent survey. Owner recently sold part of this parcel to the neighbor and terminated legacy parking easement/lease which had been tied to the property.
Property Details
Property Type
Multi-Family
Year Built
1927
HOA
None
Listed Price
$750,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Salt Lake City
What is owner financing for 268 W 700 N?
Owner financing means the seller of 268 W 700 N acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Salt Lake City, UT is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Salt Lake City home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Salt Lake City property.