344 E Utopia Ave
South Salt Lake, UT 84115
MLS #2001276

Duplex for Sale

Welcome to 344-346 Utopia in South Salt Lake City, a fantastic income-producing duplex opportunity near the vibrant Sugarhouse area! The potential for this property is vast, with four great options: live in one unit and rent the other; rent both units as-is; update 344 and finish the basement to rent both units; or update 344, finish the basement, and live in one unit while renting out the other. Side one (Unit 344) is a 3br/1ba and has been home to the same tenant for around 12 years, boasting a series of recent updates that have maintained its excellent condition. Unit 344 received a new refrigerator and dishwasher less than three years ago, adding to its modern appeal. Additionally, there is potential to finish the basement in Unit 344, offering the opportunity to add another bedroom, bathroom, or living area, thereby increasing its income potential. Unit two (Unit 346) underwent an extensive renovation over the last few years, including new electrical, kitchen, furnace, flooring, and the addition of a bathroom and a large family room in the basement. Unit 346 is a 3br/2ba that is currently vacant and available for showings. It features a new water heater and furnace, both installed one year ago, and the secondary drain line was hydrojetted in the fall of 2023. The updated flooring in the main living area adds to its modern appeal. When the current owners purchased the property four years ago, they replaced the polybutylene plumbing with PEX. The property includes a three-car carport in the back and space for 1-2 cars in the front driveway. There is also a locking storage shed divided for the two units. Beautiful flowers and herbs, tended by previous tenants, add to the charm along the side of the house. Situated in a prime location, this duplex offers easy access to major transportation routes, including I-80 and I-15 as well as the TRAX light rail system, ensuring a smooth commute to downtown Salt Lake City and beyond. Enjoy nearby parks like Fitts Park and Harmony Park for outdoor activities. The neighborhood features a variety of shopping and dining options and is close to educational institutions such as SLCC South City Campus, Westminster University, and Granite Technical Institute. Culinary enthusiasts will appreciate the nearby Park City Culinary Institute, Rise Culinary Institute, and Salt Lake Culinary Institute. Don't miss out on this excellent investment opportunity with significant return potential! The current rent is below market value, making it even more attractive.