4931 S 300 W, Washington Terrace, UT 84405
Local realty services provided by:ERA Brokers Consolidated
4931 S 300 W,Washington Terrace, UT 84405
$4,500,000
- 60 Beds
- 20 Baths
- 21,560 sq. ft.
- Multi-family
- Pending
Listed by:
- Dustin Peterson(801) 866 - 4420ERA Brokers Consolidated
MLS#:2110397
Source:SL
Price summary
- Price:$4,500,000
- Price per sq. ft.:$208.72
About this home
Although presently rented as apartments, units were constructed as condo units with individual parcel ID numbers. 20 separate units, each with: 3 bedrooms, 1 bathroom Individual ownership potential - units are structurally and legally set up for separate condominium conversion. Distinct utilities per unit for seamless transition to individual ownership or rentals. In-unit laundry hookups (washer and dryer ready). Central heating and air conditioning for tenant comfort. Dual parking: one covered and one uncovered stall per unit. Low-hassle Income Producer: Strong rental history with excellent occupancy - reliable cash flow potential. Ideal for a condo-conversion strategy: New owner could establish an HOA and sell units individually, or continue as turnkey rentals. Tax-Smart Opportunity: 1031 Exchange Eligible Perfect for investors looking to defer capital gains taxes through a 1031 tax-deferred exchange. Timing-sensitive - potential for rapid closing with proper Qualified Intermediary setup. Why It Stands Out: Investor-flexible design: Easily manage as a single asset or subdivide into individual condo units. Turnkey-ready systems: Utilities, HVAC, and parking are already broken out per unit, saving conversion hassle. Strategic tax advantages: Eligibility for a 1031 exchange makes it a powerful tool for portfolio growth and tax deferral.
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Home facts
- Year built:1998
- Listing ID #:2110397
- Added:156 day(s) ago
- Updated:December 10, 2025 at 11:57 PM
Rooms and interior
- Bedrooms:60
- Total bathrooms:20
- Living area:21,560 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas: Central
Structure and exterior
- Roof:Asbestos Shingle
- Year built:1998
- Building area:21,560 sq. ft.
- Lot area:0.97 Acres
Schools
- High school:Bonneville
- Middle school:T. H. Bell
- Elementary school:Roosevelt
Utilities
- Water:Culinary, Secondary, Water Connected
- Sewer:Sewer Connected, Sewer: Connected
Finances and disclosures
- Price:$4,500,000
- Price per sq. ft.:$208.72
- Tax amount:$35,904
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