CHARMING RURAL DUPLEX. NO HOA. HORSE PROPERTY. AN INVESTOR'S DREAM! This duplex is being sold as a commercial property at 2% capitalization rate, as there are no residential comparables for this rare property. Due to this, we are turning to the commercial way of valuing this investment opportunity. It is being sold at a 2 cap (lower than prevailing cap rates right now) because it is unlike any other duplex currently for sale in the state. It is on 1.10 acres, with horse property, so homeowner can live in one side and have horses in their backyard. In addition, this has a great add-value potential by finishing the basements and increasing the rent (once again, quite rare for a duplex to have this). Unfinished basement with washer/dryer hookups and plenty of extra space for storage, with exterior stairwells andexterior doors on each side for easy access to basement. One-car garages with street parking. Central air and heating.Kinetico filtered drinking waterspout on kitchen sinks, and a water softener servicing both units. Lots of land for kids to play and explore. Bus stop for kids less than half block away. Close to Lake Point Park and other services. Lots of land to park your horse trailers, or to have general outside storage. Sellers are the original owners who built it in 2001 and have been the only owners for 23 years. Owners also currently live on the same street as the rental, so eyes are always on the place and any issues have been and are dealt with immediately. Rental has been in high demand almost continuously for 23 years, even with very tough screening measures. Gross Annual Income: $44,400.00. NOI: $38,727.70 to the end of 2024. Sellers have kept detailed NOI since 2021, tax returns confirm this as well. NOI each year has shown increases with organic rent growth increases. Agent has detailed spreadsheet upon request. Horse Property: We have stock water that allows for two large animals (horses, cows, etc.) and small farm animals like chickens (small animals don't count against the water right). This is a super clean, well-maintained property in a quiet and established residential neighborhood with no other duplexes on the street. There are only about five total duplexes in Lake Point that have all been grandfathered in after the moratorium on duplex builds was enacted in the early 2000's. Newest Updates: In 2019, a new high-wind resistant roof was installed with Duration Shingles by Owens Corning. New hot water heaters were installed on both units (2021 and 2022, respectively.) In 2022, a new well pump was installed. In 2022, a new furnace was installed on Unit 1. Built in 2001, so2 no worries on main water or sewer line for many years to come. This property is on a well. The water right for the duplex are separated into two different water numbers: 1)#15-5055 is 0.55 acre-feet (irrigation for landscaping) 2)#15-3899 is 0.984 acre-feet (culinary and stock water) Both water rights will be transferred to new owner on the real estate contract. This duplex must be sold together with the 0.18-acre build-lot that is located around the corner MLS #2006857, list price $275,000. This land is also a rare find in Lake Point, as nearly all built lots in the town are under developer contracts and HOA, this is independently owned. This double sale is part of a 1031 exchange. This sale also has great potential as an opportunity for parents to live close to their kids and grandkids in a safe, rural, and quiet area away from the noise and crime of city life. Most empty land and investment opportunities in Lake Point are passed down from generation to generation, so a sale of this unique nature may not ever come along again.MUST BE PRUCHASED WITH 206812 this is a 1031 EXCHANGE.
Rare Find: This is a .18 acre build lot fenced in on three sides. The big selling point of this property is that this is a rare piece of land in established Lake Point that is not a part of the HOA. Land is rarely up for sale to private individuals in Lake Point, it is typically reserved for builders. Great mountain view on your future back porch with no obstructions and is an established neighborhood. .65 water share is associated with this lot, .45 will go to culinary and that leaves a good amount left over for grass and trees. The following can be a positive or a negative for this sale as this is a combo sale with a stabilized duplex just around the corner, so this is a great opportunity for kids, grandkids, parents and grandparents to live in proximity but in separate homes and allows for parents to help their children buy an investment property and to help build for them some investment generating income, while helping them keep an eye on the duplex from their new build home on this land. It is also a great opportunity to buy two pieces of property in the boom town of Lake Point. The new LDS Temple opening in November is only a short 10-minute drive. Water, internet, power and sewer are all stubbed to the land. The gas line is about 75' from the property so that needs to be dug and stubbed in. The gas line is on the neighboring lot still so to stub it to this land should be simple work and the neighboring lot is a lot owned by the seller of this land as well so they will sign off on the right to come onto their land to do that stubbing. This seller plans on doing a 1031 exchange in combination with this and the duplex listing and both must be sold together or very close in time, meaning this land must be purchased with the duplex listing just aroundthe corner and that needs to be a part of the 1031 exchange, too, so they basically have to be purchased together. The duplex MLS # is 2006857
Introducing the Lily! A highly desirable home plan crafted by GTM Builders. This stunning residence features 4 bedrooms, 2 baths, and an inviting open concept living area that seamlessly merges the family room and kitchen. The kitchen is equipped with double ovens, a 30" cooktop, a charming wood hood, and custom cabinets, making it a perfect space for cooking and entertaining. To sweeten the deal, a refrigerator is thoughtfully included with the home. Discover the Lily and indulge in the perfect blend of comfort, style, and functionality. Don't miss out on the opportunity to explore these extraordinary homes and experience the exceptional lifestyle they offer.
Introducing the Abigail! A highly desirable home plan crafted by GTM Builders. This stunning residence features 3 bedrooms, 2 baths, and an inviting open concept living area that seamlessly merges the family room and kitchen. The kitchen is equipped with double ovens, a 30" cooktop, a charming wood hood, and custom cabinets, making it a perfect space for cooking and entertaining. To sweeten the deal, a refrigerator is thoughtfully included with the home. Discover the Abigail and indulge in the perfect blend of comfort, style, and functionality.
We love our buyer agents! Welcome to 8586 Tiffany Ln. nestled in the serene community of Lakepointe, UT. This charming 4-bedroom, 3-bathroom home offers modern comforts in a picturesque setting. Enjoy spacious living areas, a gourmet kitchen with stainless steel appliances, and a private backyard oasis perfect for relaxation or entertaining. With easy access to local amenities and outdoor recreational opportunities, this is more than just a home-it's a lifestyle. Schedule your viewing today and experience the beauty of Lakepointe living firsthand!n Call us with questions.
$15,000 IN FINANCIAL INCENTIVES (see remarks)**PRICE REDUCED** One of the rare homes in the area with fully finished basement, fully landscaped front and back yards, and fully fenced!! Truly move in ready. Are you ready to be living in your dream home?! This stunning property features 6 bedrooms and 3 bathrooms, offering plenty of space for comfortable yet cozy living. Enjoy a beautifully landscaped yard, surrounded by mountain views on one side and sunsets that never disappoint on the other. The main floor showcases new, custom natural wood waterproof vinyl plank flooring that will awe all those who enter, giving both elegance and durability. The kitchen, dining, and living space provides that open floor concept that you have been longing for. This home also features the convenience of a water softener system and custom window coverings throughout the home. Each of the bedrooms offer walk in closets with custom shelving, perfect for storage plus meeting all of your organizational needs. The master bedroom has an attached master bath with shower and soaker tub, plus indulge in a spacious walk-in closet, offering ample storage that will exceed all your expectations. Parking will not be a problem here, with a spacious 3 car garage, and RV pad, you will be able to park at your leisure. Host guests in style with a fully finished basement featuring a spacious family room, perfect for hosting gatherings. Basement also includes an extra large cold storage area, office/fitness room, full bathroom, and 3 bedrooms. The outdoor space will never get boring here, experience endless fun with an in-ground trampoline and a cozy fire pit, perfect for gatherings under the stars and enjoying breathtaking sunsets. There are also many hiking and off road trails to explore as this home is nuzzled up to the picturesque Oquirrh Mountains. Located away from the hustle and bustle, yet close to all amenities, this turnkey home is move-in ready, offering the ideal blend of comfort, luxury, and convenience. Don't miss out on the opportunity to make this your forever home! Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
EAGLE POINT HOMES: Don't miss your opportunity to own a home with an AWARD WINNING, CUSTOM home builder, in the highly desired BRIDLE WALK subdivision in Lake Point. This home (GARFIELD FLOOR PLAN) will feature: STAINLESS STEEL APPLIANCES, SOFT CLOSE CABINET DOORS/DRAWERS, LVP FLOORING IN HIGH TRAFFIC AREAS (CARPET IN BEDROOMS), CUSTOM FIREPLACE W/ HEARTH, GRANITE COUNTERTOPS THROUGHOUT, 3 TONE PAINT, AND SO MUCH MORE. Please call agent for details and selection information. You still have time to change plan and or select options.*** Take an additional $10K off PURCHASE PRICE when you use our preferred lender****. PHOTOS SHOWN ARE OF A DIFFERENT GARFIELD FLOOR PLAN. THE HOME WILL LOOK VERY SIMILAR, BUT WILL FEATURE DIFFERENT FINISHES.
EAGLE POINT HOMES: Don't miss your opportunity to own a home with an AWARD WINNING, CUSTOM home builder, in the highly desired BRIDLE WALK subdivision in Lake Point. This HARRISON floor plan is set for completion in AUGUST 2024! This home will feature: SPACIOUS GOURMET KITCHEN W/STAINLESS STEEL APPLIANCES, DOUBLE WALL OVENS, GAS COOKTOP, SOFT CLOSE CABINET DOORS/DRAWERS, 9' TALL BASEMENT CEILINGS, COVERED BACK PATIO, EXTENDED 3RD CAR GARAGE, 9' TALL INSULATED GARAGE DOOR, BASEMENT ENTRANCE, LVP FLOORING THROUGHOUT (CARPET IN BEDROOMS), CUSTOM FIREPLACE W/ HEARTH, QUARTZ COUNTERTOPS THROUGHOUT, BLACK FAUCETS, AND SO MUCH MORE. **** Take an additional $10K off PURCHASE PRICE when you use our preferred lender****. Please call agent for details and selection information. (PHOTOS SHOWN ARE OF A DIFFERENT HARRISON FLOOR PLAN. WILL LOOK VERY SIMILAR, JUST DIFFERENT FINISHES)
EAGLE POINT HOMES (AWARD WINNING CUSTOM HOME BUILDER): This beautiful FRANKLIN floor plan is set for completion in AUGUST, in the highly desired Bridle Walk subdivision, in Lake Point. This home will feature: 4 car EXTRA DEEP garage, with basement entrance in the garage to protect from the elements, larger insulated garage door to accommodate RV, 9' tall basement ceilings, large covered patio, custom fireplace, black faucets, upgraded kitchen appliance package (to include double wall ovens/ gas cooktop), granite counter tops through out, LVT flooring in the great room and hallways (high traffic areas), and so much more!! Act now before it is too late and still be apart of the design process. **** Take an additional $10K off PURCHASE PRICE when you use our preferred lender**** (PHOTOS ARE NOT OF ACTUAL HOME, PHOTOS ARE BEING SHOWN TO ALLOW BUYERS TO SEE FINISH QUALITY)
Incredible lot in beautiful Lake Point, Utah just around the mountain from Salt Lake Valley! 22 minutes to the Salt Lake International Airport with easy access to I-80. Perfect for someone wanting to build their own home or bring your favorite builder! Fully improved with water, sewer, gas, and power. Lots 209, 210 & 211 available. Buyer & Buyer's Agent to verify all.
Incredible lot in beautiful Lake Point, Utah just around the mountain from Salt Lake Valley! 22 minutes to the Salt Lake International Airport with easy access to I-80. Perfect for someone wanting to build their own home or bring your favorite builder! Fully improved with water, sewer, gas, and power. Lots 208, 209 & 210 available. Buyer & Buyer's Agent to verify all.
Incredible lot in beautiful Lake Point, Utah just around the mountain from Salt Lake Valley! 22 minutes to the Salt Lake International Airport with easy access to I-80. Perfect for someone wanting to build their own home or bring your favorite builder! Fully improved with water, sewer, gas, and power. Lots 208, 209 & 211 available. Buyer & Buyer's Agent to verify all.
Incredible lot in beautiful Lake Point, Utah just around the mountain from Salt Lake Valley! 22 minutes to the Salt Lake International Airport with easy access to I-80. Perfect for someone wanting to build their own home or bring your favorite builder! Fully improved with water, sewer, gas, and power. Lots 208, 210 & 211 available. Buyer & Buyer's Agent to verify all.
Lake Point is located in Utah. Lake Point, Utah has a population of 16,618.
The median household income in Lake Point, Utah is $58,770. The median household income for the surrounding county is $66,542 compared to the national median of $57,652. The median age of people living in Lake Point is 31.3 years.
The average high temperature in July is 92.2 degrees, with an average low temperature in January of 23.4 degrees. The average rainfall is approximately 18.8 inches per year, with 21 inches of snow per year.
