1027 S 400 W, Richfield, UT 84701

Unique investment opportunity in one of Richfield's largest duplexes. This is a unique investment or "live in one side - rent out the other"property. Each unit has 4 bedrooms and 2 full bathrooms. 2BR and 1 BA on the main floor and 2BR and 1BA in the walkout basement. Both units are fully rented/leased for $700/mo each or $1400/mo total or $16,800/year. The north unit is 2 month into a 1 year lease. The south side is 5 months into a 1 year lease. Both leases allow for a one-year renewal at $700/mo by tenant or a change to a $750/mo month-to-month rental. Leases are available for review. Taxes are $943.16/year. Insurance (w/ earthquake coverage) is about $600/year. Water/Sewer/Trash averages $1,200/year. At $16,800 gross rents that's an 10.5% gross return on investment. At $14,000 net rents, that's a 8.625% net ROI. Recent upgrades include a new roof, all windows recently replaced, some new doors, both units have been re-floored, painted and re-carpeted. Large enclosed back yard. Extra storage both inside and out.