$585,000

Rare, high-upside RMF-30 investment offering in Salt Lake City's centrally located Glendale neighborhood. Situated on an expansive 0.49-acre parcel now zoned Residential Multi-Family, this property presents an exceptional development canvas with existing income from day one. Retain the front existing bungalow while adding additional single-family parcels or for-sale townhomes. The quaint, well-cared-for 2-bedroom, 2-bathroom bungalow generates $2,295/month in rental income. A long driveway leads to multiple garages, functional storage and outbuildings. The home would also function smartly as a homestead, with a large garden, fruit trees, and a chicken coop. This location has unbeatable transit oriented location and connectivity directly on the Route 9 (900 South) bus line with two bus stops outside your door. Bike and trail access is just two blocks to the 9 Line Trail. Enjoy a quick ten minute bike ride straight into the heart of the bustling Central 9th District for dining and entertainment. Or pick up the Jordan River Parkway Trail with 45 miles of continuous multi-use pathways, plus immediate proximity to Jordan Park and the International Peace Gardens. An ideal project for developers, land-bankers, or house-hackers looking to capitalize on SLC's transit corridors and infill density potential. Buyer to verify all information, including zoning, acreage, utility connections, and development plans with Salt Lake City / Salt Lake County. Owner agent.