OPTION 1 – LIGHT FLIP
The property had a fire a year and a half ago and was updated with new electrical, new plumbing, new bathrooms, new gas line, new kitchen, new sheet rock upstairs, and the original hardwood floors were redone. A new roof was installed 5 years ago. The furnace and central A/C are 6 years old. Most of the windows are updated and the few that haven’t been are tastefully original. The basement is unfinished and is around 6.5 feet high. If finished, you could add another bathroom and two more bedrooms. The property is currently being rented and the tenants can be given a 30-day notice once the home is purchased. They currently pay $3,000 a month. The home also has a huge detached two-car garage which is pretty uncommon for Sugarhouse.
OPTION 2 – DEVELOPMENT OPPORTUNITY
This property has 2 options for development. First, you could develop the lot on it’s own and buil 3-4 for sale tonwhomes. The townhomes are also allowed to have their own ADUs. Second, you could partner with the neighboring lot to build 11 townhomes. The owner of the neighboring lot has already torn down the house and is expecting approval for his townhomes in December. He would also be willing to sell his lot if you wanted to do all 11 townhomes on your own.
Contact Brandy for more info at 801-701-8593.
SELLWISE LLC IS EXPLORING ALL OPTIONS WITH THIS PURCHASE AGREEMENT. AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THE PROPERTY OR PARTNERING ON THE PURCHASE OF THE PROPERTY. WE MAY NOT OWN THIS HOME. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY, BUYER TO VERIFY ALL INFO.
We do not authorize any other person or company to market this contract without our consent.
Bryan Martineau, principle of the company who owns this property or contract, is a licensed agent with Connect Fast Realty LLC.