5290 E Emigration Rd, Salt Lake City, UT 84108

Property Description

ALL OFFERS MUST BE SUBMITTED BY SUNDAY 9/24 @5:00PM with proof of funds. Hard money is fine! We will be reviewing all offers and responding Monday. No blind offers and no offers will be accepted if they haven't had spoken with the listing agent. Because of condition of home all offers must be cash. We aren't necessarily looking for the offer that will net us the most, but rather the one that provides most guarantees that they will close (We have already received above ask offers from wholesalers, but that doesn't carry as much weight as an offer from the end buyer at asking price that we know will close) We will be submitting for our own permits that Monday if we don't receive an offer that is enticing enough to move forward. This home is ripe with potential. Located up Emigration Canyon just 1 minute past Ruth's Diner. Home is fully gutted and ready to be made into your dream home. Investors & home flippers this is an awesome opportunity with tons of meat left on the bones to make a HEFTY paycheck. We have permit ready architectural plans with stamped engineer recommendations. Owner has met with city planning, health & building department prior to purchasing and the architectural & engineering plans have addressed all items discussed in this meeting. Attached to the MLS is a CMA with ALL solds in Emigration canyon for the past 365 days. After rehab value of this home is conservatively in the 1.2M-1.5M range depending on quality of work and finished chosen. Recent home sales include a 929 sq ft home for 1 million & other active homes significantly smaller listed for a lot more. Water, power, and gas are all connected. Home is setup on a half septic half blackwater holding tank system. A fair amount of the exisitng framing needs to be reworked to properly carry the loads down to the foundation. Our contractor is currently on another job. We will have the home listed until he is ready to start work and then we will be pulling the listing down to move forward with the project on our own. Owner/Agent is happy to answer any questions. Video is posted on Youtube with full walkthrough. I cannot post the link on the MLS but am happy to provide if you reach out to me. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.