1884 E SHEPARD LN new Save Request In-Person Tour Request Virtual Tour
Lake Point,UT 84074
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $520
Subdivision Thomasville
MLS Listing ID 2096777
Style Stories: 1
Bedrooms 4
Construction Status Blt./Standing
HOA Y/N No
Year Built 2001
Annual Tax Amount $4,053
Lot Size 1.100 Acres
Acres 1.1
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Duplex
Property Description
Charming Rural Duplex with Horse Property No HOA! This rare 1.10-acre duplex in beautiful Lake Point offers the best of both worlds-live in one unit and rent out the other, or add it to your investment portfolio! With horse property rights, there's plenty of room for animals, trailers, gardens, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). Built in 2001 and lovingly maintained by the original owners, this duplex features walkout unfinished basements with exterior entries-a rare opportunity to finish the space and increase rental income. Each unit includes a one-car garage, central air and heat, Kinetico filtered water at the kitchen sink, and a shared water softener. Enjoy a peaceful, rural lifestyle with mountain views, no HOA, and a bus stop less than half a block away. Lake Point Park, I-80 access, and Salt Lake City (just 25 minutes away) are all nearby. There are only five grandfathered duplexes in Lake Point-this is your chance to own a piece of that limited inventory. Annual gross income: $41,860. NOI for 2024: $36,194.70, with rent steadily increasing year over year. Includes two separate water rights for both culinary and irrigation use. May be sold alone or with the nearby 0.18-acre buildable lot (MLS# 2096867). Don't miss this rare find!
Location
State UT
County Tooele
Area Grantsville; Tooele; Erda; Stanp
Zoning Multi-Family
Interior
Interior Features Disposal,Floor Drains,Range/Oven: Free Stdng.,Dishwasher: Built-In
Heating Forced Air,Gas: Central
Flooring Carpet,Tile
Fireplace No
Window Features Blinds
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Bay Box Windows,Double Pane Windows,Walkout
Garage Spaces 2.0
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Asbestos Shingle
Present Use Residential
Topography Sprinkler: Auto-Full, Terrain: Mountain, View: Mountain
Total Parking Spaces 2
Private Pool No
Building
Lot Description Sprinkler: Auto-Full,Terrain: Mountain,View: Mountain
Faces North
Sewer Sewer: Connected
Water Culinary,Rights: Owned
Structure Type Aluminum,Brick,Frame
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Old Mill
Middle Schools Tooele
High Schools Stansbury
School District Tooele
Others
Senior Community No
Tax ID 10-027-C-0018
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange