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3680 W 2280 N

Lehi, UT 84043
  • $500,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: 1842743
UPDATED: 55 min ago
$500,000
  • 4
    BEDS
  • 0.03
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,368
    SQFT
  • $211
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
2019
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

TURNKEY 3 YEARS NEW!- SELLER FINANCING IS OFFERED AT 2.75% with $195K Down (NO BALLOON!). *ASK HOW YOU CAN WRITE OFF MORE THAN $80K IN BONUS DEPRECIATION OFF YOUR 2022 TAXES WITH THIS PROPERTY!* The New Intermountain Primary Children's Hospital, 3 blocks away will be completed in a little over a year and will bring many jobs and a huge increase in demand for housing in the area! This is a great opportunity for investors because investor interest rates are now well over 7% so even if you were to buy at a lower price you would have to put down more money for the rent to meet the typical lender required ratio of 75% of rents covering Principal, Interest, Taxes, Insurance, and HOA. In addition to that, your monthly cash flow will be much higher! This is a great alternative to buying all cash which many investors are doing right now because of the high rates. Similar Townhomes in the area renting for $2,200 - $3,000. Many investors rent out by the bedroom to maximize cashflow. There is a great opportunity to finish the basement and rent to 5 singles for as much as $3,700 in rent. See a breakdown of renting by bedroom in photos. Warning: Lehi city limits renting to 4 non-related individuals per unit however many investors exceed this for more revenue but there could be a risk of fines or other action from the city if you do so. North Point HOA has a minimum 6-month lease term and requires all tenants to sign the same lease. Investors who rent by the bedroom typically just have each person sign the lease together. Amenities include a pool, clubhouse, 3 playgrounds, half basketball court, common area maintenance/ landscape, and snow removal. Low HOA at only $88/ month. Disclosure: The listing agent is the property owner. Please contact the agent/ owner to see the property.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-10-06T06:39:43.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information 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. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.utahbestrealestate.com/homes/133292891
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3680 W 2280 N Lehi, UT 84043

  • Price: $500,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 55 min ago
  • ID#: 1842743
4
Beds
2
Baths
1
½ Baths
0.03
Acres
2,368
SQFT
$211
$/SQFT
2019
Built
Neighborhood:
North Pointe
County:
Utah
Area:
Am Fork; Hlnd; Lehi; Saratog.
Elementary School:
Riverview
Middle School:
Willowcreek
High School:
Lehi
School District:
Alpine
Property Description
TURNKEY 3 YEARS NEW!- SELLER FINANCING IS OFFERED AT 2.75% with $195K Down (NO BALLOON!). *ASK HOW YOU CAN WRITE OFF MORE THAN $80K IN BONUS DEPRECIATION OFF YOUR 2022 TAXES WITH THIS PROPERTY!* The New Intermountain Primary Children's Hospital, 3 blocks away will be completed in a little over a year and will bring many jobs and a huge increase in demand for housing in the area! This is a great opportunity for investors because investor interest rates are now well over 7% so even if you were to buy at a lower price you would have to put down more money for the rent to meet the typical lender required ratio of 75% of rents covering Principal, Interest, Taxes, Insurance, and HOA. In addition to that, your monthly cash flow will be much higher! This is a great alternative to buying all cash which many investors are doing right now because of the high rates. Similar Townhomes in the area renting for $2,200 - $3,000. Many investors rent out by the bedroom to maximize cashflow. There is a great opportunity to finish the basement and rent to 5 singles for as much as $3,700 in rent. See a breakdown of renting by bedroom in photos. Warning: Lehi city limits renting to 4 non-related individuals per unit however many investors exceed this for more revenue but there could be a risk of fines or other action from the city if you do so. North Point HOA has a minimum 6-month lease term and requires all tenants to sign the same lease. Investors who rent by the bedroom typically just have each person sign the lease together. Amenities include a pool, clubhouse, 3 playgrounds, half basketball court, common area maintenance/ landscape, and snow removal. Low HOA at only $88/ month. Disclosure: The listing agent is the property owner. Please contact the agent/ owner to see the property.
Exterior Features

Architectural Style Stories: 2 Attached Garage YN Yes Carport YN No Construction Materials AsphaltConcreteStoneStuccoCement Siding Construction Status Blt./Standing Covered Spaces 2 Exterior Features Double Pane WindowsEntry (Foyer)LightingPorch: OpenSecured BuildingPatio: Open Frontage Length 0.0 Garage YN Yes Horse Property YN No Lot Features Cul-De-SacCurb & GutterFenced: PartRoad: PavedSidewalksSprinkler: Auto-FullView: MountainDrip Irrigation: Auto-FullPrivate Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Other Equipment Window Coverings Parking Total 2 Patio And Porch Features Porch: OpenPatio: Open Pool Private YN Yes Roof Asphalt RVParking Dimensions 0.00 Spa YN No Topography Cul-De-SacCurb & GutterFenced: PartRoad: PavedSidewalksSprinkler: Auto-FullTerrainFlatView: MountainDrip Irrigation: Auto-FullPrivate Vegetation Landscaping: Full View Mountain(S) View YN Yes Waterfront YN No

Interior Features

Above Grade Finished Area 1696 Appliances Ceiling FanMicrowaveRange HoodWater Softener Owned Basement Full Bathrooms Partial 1 Bathrooms Total 3 Building Area Total 2368 Cooling Central Air Cooling YN Yes Fireplace YN No Flooring CarpetLaminate Heating Gas: Central>= 95% Efficiency Heating YN True Interior Features Bath: MasterCloset: Walk-InFloor DrainsOven: GasRange: GasRange/Oven: Free Stdng.Vaulted CeilingsInstantaneous Hot Water Laundry Features Electric Dryer Hookup Master Bedroom Level Floor: 2nd Rooms Total 11 Window Features Blinds

Property Features

Association Amenities ClubhouseInsurancePets PermittedPicnic AreaPlaygroundPoolSnow Removal Association Fee 88 Association Fee Frequency Monthly Association Fee Includes Insurance Association YN Yes Community Features Clubhouse Cross Street 2280 Current Use Residential Inclusions Ceiling FanMicrowaveRangeRange HoodWater Softener: OwnWindow Coverings Irrigation Water Rights Acres 0 Lease Considered YN No Listing Terms See RemarksCashConventionalExchangeOwner 2NdSeller FinanceSeller Will SubordinateVa Loan New Construction YN No Ownership Owner/Agent Property Attached YN No Property Condition Blt./Standing Property Sub Type Townhouse Senior Community YN No Sewer Sewer: AvailableSewer: ConnectedSewer: Public Tax Annual Amount 1702 Utilities Natural Gas AvailableNatural Gas ConnectedElectricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedSewer: PublicWater AvailableWater Connected Water Source Culinary Zoning Multi-Family

Listing provided courtesy of Realty One Group Signature (South Valley): 951-813-8218. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2022 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-10-06T06:39:43.847. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information 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. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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