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640 E Vine St, Murray, UT 84107
$1,150,000
640 E Vine St, Murray, UT 84107View this property at 640 E Vine St, Murray, UT 84107
640 E Vine StMurrayUT84107
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Property Description
**Do not disturb tenants** 640 Vine St is a well-located fourplex right on the southwest intersection of Vine St and 5300 S in Murray. The property has significant value-add potential, as only one of the units has been renovated and the rents are well below market. That renovated unit has been left vacant so that someone can "house-hack" the property or live in the unit while renting the other three to help pay for the mortgage. The property was built in 1970. The units are all desirable 2BD/1.5BA units with stackable washer and dryers. They are large 2-story units that are roughly 1,036 SF. There are 6 covered parking stalls and 4 storage units for the tenants. There is also a shed on site, with electrical power, that an owner can use for storage or rent to tenants for auxiliary income. The average rent is $1,514/month. The average rent of similar units in the area is $1,795. There is therefore a value-add opportunity available by taking the rents to market. An investor can also charge for utility reimbursement, storage, and parking. 640 Vine is conveniently located just minutes from I-15 and I-215. Murray City offers freeway access at two entrance/exits on I-15 and three entrance/exits on I-215. There are three TRAX light rail stations, and the UTA FrontRunner goes through Murray as well. Many retail destinations are very close to the property including Costco, the Oakwood Village Shopping Center and the very popular Sports Mall. The Sports Mall is a premier athletic and tennis club that has tennis courts, sand volleyball courts, indoor basketball courts, swimming pools, fitness classes and much more. World class skiing can be found only 30 minutes from the property at Snowbird, Solitude, Brighton and just a little further is Park City.
Full Property Details
Full Property Details for 640 E Vine St
General
- Price: $1,150,000
- Taxes: $4,413
- Status: Active
- Type: Multi-Family
- MLS ID: 1993234
- Updated: 5/24/2024
- Added to Site: 44 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Location
- Area: Murray; Taylorsvl; Midvale
- County: Salt Lake
School Information
- Elementary School: None/Other
- Middle School: None/Other
- High School: None/Other
Structural Information
- Architectural Style: Stories: 2
- Square Feet: 4,284
- Living Area: 4,284 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1970
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 13,068
- Lot Size: .3
- Zoning: RM10
Financial Considerations
- Tax Amount: $4,413
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Property ID: 22-07-486-001
Listed by Pathway Properties, LLC
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Schools
Schools serving 640 E Vine St
School District:Murray City School District
Rating | Name | Grades | Distance |
---|---|---|---|
5175 S Parkside Dr, Murray, UT 84107 | K-6 | 0.3 mi | |
126 E 5300 S, Murray, UT 84107 | 7-9 | 0.7 mi | |
5440 S State St, Murray, UT 84107 | 10-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 640 E Vine St
Date
Details
Price
Change
Source
5/24/2024
Price Increased
$1,150,000
3.14%
MLS
5/23/2024
Price Reduced
$1,115,000
-7.08%
MLS
4/18/2024
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 640 E Vine St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,284
7%
$910,000
13%
2022
$4,003
10%
$808,500
24%
2021
$3,653
2%
$650,600
8%
2020
$3,583
10%
$603,900
107%
2019
$3,253
52%
$291,335
-34%
2017
$2,145
—
$438,800
22%
2017
$2,145
-6%
$359,400
-3%
2016
$2,292
-25%
$370,700
-18%
2015
$3,064
2%
$450,100
3%
2014
$3,002
19%
$437,400
22%
2013
$2,530
—
$357,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 640 E Vine St
640 E Vine St, Murray, UT 84107 (MLS# 1993234) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 640 E Vine St is currently listed for $1,150,000 and was received on April 18, 2024. Want to learn more about 640 E Vine St? Do you have questions about finding other Multi-Family real estate for sale in Murray? You can browse all Murray real estate or contact a Coldwell Banker agent to request more information.