3680 W 2280 N, Lehi, UT

$500,000

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4

Beds

3

Baths

2,368

Square feet

0.03

Acres

About 3680 W 2280 N

TURNKEY 3 YEARS NEW!- SELLER FINANCING IS OFFERED AT 2.75% with $195K Down (NO BALLOON!). *ASK HOW YOU CAN WRITE OFF MORE THAN $80K IN BONUS DEPRECIATION OFF YOUR 2022 TAXES WITH THIS PROPERTY!* The New Intermountain Primary Children's Hospital, 3 blocks away will be completed in a little over a year and will bring many jobs and a huge increase in demand for housing in the area! This is a great opportunity for investors because investor interest rates are now well over 7% so even if you were to buy at a lower price you would have to put down more money for the rent to meet the typical lender required ratio of 75% of rents covering Principal, Interest, Taxes, Insurance, and HOA. In addition to that, your monthly cash flow will be much higher! This is a great alternative to buying all cash which many investors are doing right now because of the high rates. Similar Townhomes in the area renting for $2,200 - $3,000. Many investors rent out by the bedroom to maximize cashflow. There is a great opportunity to finish the basement and rent to 5 singles for as much as $3,700 in rent. See a breakdown of renting by bedroom in photos. Warning: Lehi city limits renting to 4 non-related individuals per unit however many investors exceed this for more revenue but there could be a risk of fines or other action from the city if you do so. North Point HOA has a minimum 6-month lease term and requires all tenants to sign the same lease. Investors who rent by the bedroom typically just have each person sign the lease together. Amenities include a pool, clubhouse, 3 playgrounds, half basketball court, common area maintenance/ landscape, and snow removal. Low HOA at only $88/ month. Disclosure: The listing agent is the property owner. Please contact the agent/ owner to see the property.

Features of 3680 W 2280 N

MLS® # 1842743
Price $500,000
Bedrooms 4
Bathrooms 3.00
Full Baths 2
Half Baths 1
Square Footage 2,368
Acres 0.03
Year Built 2019
Type Residential
Sub-Type Townhouse
Style Stories: 2
Status Active

Community Information

Address 3680 W 2280 N
Area Am Fork; Hlnd; Lehi; Saratog.
Subdivision NORTH POINTE
City Lehi
County Utah
State UT
Zip Code 84043

Amenities

Amenities Clubhouse,Insurance,Pets Permitted,Picnic Area,Playground,Pool,Snow Removal
Utilities Natural Gas Available,Natural Gas Connected,Electricity Available,Electricity Connected,Sewer Available,Sewer Connected,Sewer: Public,Water Available,Water Connected
Features Clubhouse
# of Garages 2
View Mountain(s)
Is Waterfront No
Has Pool Yes

Interior

Interior Carpet,Laminate
Interior Features Bath: Master,Closet: Walk-In,Floor Drains,Oven: Gas,Range: Gas,Range/Oven: Free Stdng.,Vaulted Ceilings,Instantaneous Hot Water
Appliances Ceiling Fan,Microwave,Range Hood,Water Softener Owned
Heating Gas: Central,>= 95% efficiency
Cooling Central Air
Fireplace No
# of Stories 3

Exterior

Exterior Features Double Pane Windows,Entry (Foyer),Lighting,Porch: Open,Secured Building,Patio: Open
Lot Description Cul-De-Sac,Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain,Drip Irrigation: Auto-Full,Private
Windows Blinds
Roof Asphalt
Construction Asphalt,Concrete,Stone,Stucco,Cement Siding

School Information

District Alpine
Elementary Riverview
Middle Willowcreek
High Lehi

Additional Information

Date Listed September 21st, 2022
Days on Market 12
Zoning Multi-Family
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJoel Finnie
OfficeRealty ONE Group Signature (South Valley)
Contact Info951-813-8218

Listing Map

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