Charming & Gorgeous 4 bed 3 bath, fine tuned and ready to go! Legal as STR, NO HOA, Low price and management in place as option

$544,000
4
3
2,100
sq. ft.
$259
per sq ft
Heated sq ft: 2,062 sq ft
Avg Nightly Rate: $169
Home Legally Sleeps: 16
Occupancy Rate: 95 weeks
Annual Gross Income : 60000
Annual Net Operating Income : 60000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: City Life, Mountain, Ski
New Construction: Inquire
Days on Vrolio: 280

Property Description

Gorgeous remodeled South Salt Lake Bungalow that is a FULLY PERMITTTED AND LICENSED Airbnb. (while not transferrable, easy to obtain a new one at this location, in your own business name) NO HOA!!!! Come spent time in Salt Lake City with your family and earn income during the remainder of the year. Minutes away from I-15, I-80, shopping, and restaurants. The property has been a licensed Airbnb since February 2023 and has many future bookings in place that the seller may potentially be able to honor on their own Airbnb account. Seller is also willing to sell all furniture and Airbnb required items to make this very turnkey for a potential investor/buyer. As you enter through the entryway, you're welcomed by an open concept 1st and a 2nd large living/dining room. The home boasts new trim, new gutters, vinyl flooring throughout, new carpet, and new paint. The kitchen features stunning granite countertops, a beautiful tile backsplash, stainless steel appliances including refrigerator and alder cabinetry. The basement has a new water heater and sump pump that were installed within the last year. The main floor with the master bedroom features and en suite bathroom. The second floor has a massive loft with its own walk-in closet. The loft also has its own mini-split system for additional heating/cooling. This home is perfect for those looking for urban living. Plenty of off-street parking for the entire house. The xeriscaped yard allows for low water bills and very little maintenance! Opportunity to add more earning value, finishing off the basement bedroom (4th bedroom needs carpet, drywall, base / case, paint. Also swap couch upstairs for a pull out and this place could sleep 18+ You can self manage or take advantage of the top rated Hosting management already in place!

Presented by:
Agent:
Chad Miller
Realty Path South Valley
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 200
Low: 129
Peak: 200
Special Event: 250
Avarage: 169.00
Furniture Age
2
Est Value of Furnishings
$25,000
Peak & High Seasons
January, February, March, June, July, August, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Owners have opportunities in the home state of HI that are calling and they don't use it enough as they thought they would.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
60000
Net Operating Income
60000
Stories
2
Additional Indoor Rooms
Family Room, Finished basement, Formal Dining Room, Living Room, Theater/Media room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Wall Unit A/C, Wall Unit Heat
Floor Coverings
Carpet, Laminate Wood, Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Carpet
Year built
1918
Outdoor Features
Above Ground Spa, Deck, Fenced/Gated Yard, Fire Pit, Porch - Not screened
View
City, Mountain
Backyard Exposure
South
Lot Size
The lot is located in a mixed residential and commercial area and has a cute cafe next door and a parking lot with professional office on the other side. the whole lot is set back a bit and the backyard has been hard-scaped with various gravel and boulders and pavers to accommodate the fire pit, tree swing, Gazebo and hot tub. the back and sides are fully fenced and there are some great mature shade trees. Low water use and low maintanence .14 Acres.
Community Features
Tax Amount/Year
$3,293
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
16
Onsite Parking
There are parking spots in front for 3 vehicles side by side plus the drive way along the house is deep and can park 3 more in single file, all off- street.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
1 Year
Occupancy Rate
95
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
$15.00
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
Free to cancel, also happy to help and will do all day to day management with TOP rating and service for 15% (inquire for more details)
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$179.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$120.00
Pool & Spa Maintinence (Annual)
$1,200.00
Electricity (Annual)
$2,500.00
Water/Sewer (Annual)
$600.00
Cable/Interbet (Annual)
$900.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$3,292.80
Homeowner's Insurance (Annual)
$960.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additonal Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additonal Nightly Insurance Policy ($ per night)

Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

LOCATION MAP VIEW

Nearby Similar Homes

Listing Source: Realty Path South Valley , 8018560112

The information featured here is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party listing sources. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. It is deemed reliable but not guaranteed. In many cases the information may not be verified further than the source that provided it to us. This includes all data and information shown about the properties, locations, regulations and any other details found here. Vrolio does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property.