Quadruplex In Brigham City

Rare Opportunity! It’s not often that a 4-plex comes up for sale in Brigham City, let alone two 4-plexes, next to each other, (see MLS #2145219). Each unit is 2 bed, 1.5 bath. Furnaces, A/C’s and roofs updated in the last few years. One unit has updated flooring and fresh paint, and will rent at $1450 per month with 12 month lease. Longer term tenants in the other three units that haven’t been updated and are month-to-month at approximately $1000/mo. With the planned growth and upcoming projects in the area, it’s anybody’s guess what the future housing demand and market rents, (and therefore the value of multi-family property), will be. Whether you are an experienced investor looking for one or both 4-plexes to add to your portfolio, or if you have 1031 exchange money to use, or you are just getting started and able to take advantage of owner/occupant financing such as FHA’s 3.5% down payment on a 4-plex to let your tenants help you qualify and cover your payments, this opportunity deserves your attention. Representative pictures from a few units, some updated, some not.