Skip To Content

640 E Vine St

Murray, UT 84107
  • $1,150,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: 1993234
Price Reduced
UPDATED: 77 min ago
$1,150,000
  • 8
    BEDS
  • 0.3
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,284
    SQFT
  • $268
    $/SQFT
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:

Description

**Do not disturb tenants** 640 Vine St is a well-located fourplex right on the southwest intersection of Vine St and 5300 S in Murray. The property has significant value-add potential, as only one of the units has been renovated and the rents are well below market. That renovated unit has been left vacant so that someone can "house-hack" the property or live in the unit while renting the other three to help pay for the mortgage. The property was built in 1970. The units are all desirable 2BD/1.5BA units with stackable washer and dryers. They are large 2-story units that are roughly 1,036 SF. There are 6 covered parking stalls and 4 storage units for the tenants. There is also a shed on site, with electrical power, that an owner can use for storage or rent to tenants for auxiliary income. The average rent is $1,514/month. The average rent of similar units in the area is $1,795. There is therefore a value-add opportunity available by taking the rents to market. An investor can also charge for utility reimbursement, storage, and parking. 640 Vine is conveniently located just minutes from I-15 and I-215. Murray City offers freeway access at two entrance/exits on I-15 and three entrance/exits on I-215. There are three TRAX light rail stations, and the UTA FrontRunner goes through Murray as well. Many retail destinations are very close to the property including Costco, the Oakwood Village Shopping Center and the very popular Sports Mall. The Sports Mall is a premier athletic and tennis club that has tennis courts, sand volleyball courts, indoor basketball courts, swimming pools, fitness classes and much more. World class skiing can be found only 30 minutes from the property at Snowbird, Solitude, Brighton and just a little further is Park City.

Monthly Payment Calculator



Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-05-30T14:41:46.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.thefieldsteam.com/homes/149497871
Print Image

640 E Vine St Murray, UT 84107

  • Price: $1,150,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 77 min ago
  • ID#: 1993234
8
Beds
4
Baths
0
½ Baths
0.3
Acres
4,284
SQFT
$268
$/SQFT
1970
Built
Neighborhood:
Murray; Taylorsvl; Midvale
County:
Salt Lake
Area:
Murray; Taylorsvl; Midvale
Elementary School:
None/Other
Middle School:
None/Other
High School:
None/Other
Property Description
**Do not disturb tenants** 640 Vine St is a well-located fourplex right on the southwest intersection of Vine St and 5300 S in Murray. The property has significant value-add potential, as only one of the units has been renovated and the rents are well below market. That renovated unit has been left vacant so that someone can "house-hack" the property or live in the unit while renting the other three to help pay for the mortgage. The property was built in 1970. The units are all desirable 2BD/1.5BA units with stackable washer and dryers. They are large 2-story units that are roughly 1,036 SF. There are 6 covered parking stalls and 4 storage units for the tenants. There is also a shed on site, with electrical power, that an owner can use for storage or rent to tenants for auxiliary income. The average rent is $1,514/month. The average rent of similar units in the area is $1,795. There is therefore a value-add opportunity available by taking the rents to market. An investor can also charge for utility reimbursement, storage, and parking. 640 Vine is conveniently located just minutes from I-15 and I-215. Murray City offers freeway access at two entrance/exits on I-15 and three entrance/exits on I-215. There are three TRAX light rail stations, and the UTA FrontRunner goes through Murray as well. Many retail destinations are very close to the property including Costco, the Oakwood Village Shopping Center and the very popular Sports Mall. The Sports Mall is a premier athletic and tennis club that has tennis courts, sand volleyball courts, indoor basketball courts, swimming pools, fitness classes and much more. World class skiing can be found only 30 minutes from the property at Snowbird, Solitude, Brighton and just a little further is Park City.
Exterior Features

Architectural Style Stories: 2 Attached Garage YN No Carport YN No Construction Status Blt./Standing Covered Spaces 0 Frontage Length 0.0 Garage YN No Horse Property YN No Lot Size Dimensions 0.0x0.0x0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 0 Pool Private YN No RVParking Dimensions 0.00 Spa YN No View YN No Waterfront YN No

Interior Features

Bathrooms Partial 0 Bathrooms Total 4 Building Area Total 4284 Cooling YN No Fireplace YN No Heating YN False Rooms Total 0

Property Features

Association YN No Current Use Residential Irrigation Water Rights Acres 0 Lease Considered YN No New Construction YN No Property Attached YN No Property Condition Blt./Standing Property Sub Type Quadruplex Senior Community YN No Tax Annual Amount 4413 Zoning Description RM10

Listing provided courtesy of Pathway Properties, LLC: 385-423-8589. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2024 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-05-30T14:41:46.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
https://bt-photos.global.ssl.fastly.net/wasatch/1280_boomver_1_1993234-1.jpg https://bt-photos.global.ssl.fastly.net/wasatch/1280_boomver_1_1993234-1.jpg https://bt-photos.global.ssl.fastly.net/wasatch/1280_boomver_1_1993234-1.jpg
Logo
The Fields Team | Real Broker LLC
2183 W Main St A307
Lehi UT, 84043