845 S Washington Street

Description

Incredible opportunity to own an income producing property in short-term rental approved Central 9th location in Salt Lake City, with two homes on one lot! This urban living experience offers a 1,728 square foot, four-bedroom, two-bathroom renovated home and a 1,200 square foot Accessory Dwelling Unit (ADU) constructed in 2021. The ADU features a heated garage/studio flexible space with two bedrooms and a bathroom. Combined, the homes provide a remarkable 2,928 sq ft of functional and efficient living space, accommodating six bedrooms, three bathrooms, ample storage, generous closets, a garden, open layouts, and high ceilings. The ADU, designated as our Alley-Box, is currently rented for $2,300 per month and generates revenue between $200 and $600 per night on Airbnb, with occupancy rates consistently exceeding 80% to 100%. Both homes were meticulously designed to cater to individuals seeking to recreate, generate income, and enjoy leisure in the city and its surrounding nature. The property is light & bright with creative vertical spaces, mature trees, and a charming street ambiance, creating an oasis amidst the urban environment. The main home has undergone a renovation that seamlessly integrates modern amenities while preserving its historic charm. The porch provides a picturesque setting for morning coffee, offering a glimpse into the neighborhood’s daily activities. Other notable features include an open concept kitchen with stainless steel appliances and granite countertops, a new furnace, air conditioner, water heater, carpet, paint, garbage disposal, refrigerator, and roof installed in 2023. Central Ninth District is experiencing rapid growth, making it an attractive location for those seeking urban living and investment opportunities. This property is conveniently located within walking distance of several renowned restaurants and local businesses, such as Fisher Brewing, T.F. Brewing, and Water Witch; Laziz, Nohm, Vertical Diner, and Proper Burger; Ruby Snap Cookies; Central Ninth Market and Orchid Dynasty. Additionally, it enjoys easy access to major highways I-15 and I-80, as well as a proximity to a TRAX station, bus stops, and the 9-line bike lane. This makes it one of the most pedestrian-friendly, bicycle-accessible, and public-transit-oriented neighborhoods within the Salt Lake Valley. The ADU unit has been incorporated into the existing square footage of the main residence on the second floor.