1463 W 1650 N
Layton, UT 84041
MLS #2007382

Quadruplex for Sale

***Do Not Disturb Tenants*** 1463 W 1650 N is a well-located fourplex in the city of Layton, just minutes from Main St and I-15. This 3,660 SF property, built in 1978, offers significant value-add potential. It consists of four 2BD/1BA units, each roughly 915 SF. The property has a newer roof, installed two years ago, and includes 4 covered parking stalls and four storage units in the rear .All the units have long-term tenants on month-to-month leases, and because the tenants have been at the property for a long time, the rents are well below market. The average rent is $1,019/month, while similar units in the area average $1,353, with top 2BD/1BA units exceeding $1,500. Therefore, there is a substantial value-add opportunity by bringing rents to market levels. An investor can also charge for utility reimbursement, storage, and parking.1463 W 1650 N is conveniently located near many retail destinations, including Layton Hills Mall, Hobby Lobby, Lowe's, Target, and Planet Fitness. The popular Lagoon Amusement Park is about 15 minutes south of the property. Layton offers numerous family-friendly recreational activities, including 14 city parks, 6 trails, and 3 reservoirs. This property is ideal for an investor looking to capitalize on a value-add opportunity with below-market rents and long-term tenants.