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Colin Stoneman

colin@stonemangroup.com +1(801) 979-0970

$ 1,500,000

Est. payment -/mo

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1884 E SHEPARD LN Lake Point, UT 84074

4 Beds

2 Baths

2,880 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $520

Subdivision Thomasville

MLS Listing ID 2096777

Style Stories: 1

Bedrooms 4

Construction Status Blt./Standing

HOA Y/N No

Year Built 2001

Annual Tax Amount $4,053

Lot Size 1.100 Acres

Acres 1.1

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Duplex

Property Description

Charming Rural Duplex with Horse Property No HOA! This rare 1.10-acre duplex in beautiful Lake Point offers the best of both worlds-live in one unit and rent out the other, or add it to your investment portfolio! With horse property rights, there's plenty of room for animals, trailers, gardens, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). Built in 2001 and lovingly maintained by the original owners, this duplex features walkout unfinished basements with exterior entries-a rare opportunity to finish the space and increase rental income. Each unit includes a one-car garage, central air and heat, Kinetico filtered water at the kitchen sink, and a shared water softener. Enjoy a peaceful, rural lifestyle with mountain views, no HOA, and a bus stop less than half a block away. Lake Point Park, I-80 access, and Salt Lake City (just 25 minutes away) are all nearby. There are only five grandfathered duplexes in Lake Point-this is your chance to own a piece of that limited inventory. Annual gross income: $41,860. NOI for 2024: $36,194.70, with rent steadily increasing year over year. Includes two separate water rights for both culinary and irrigation use. May be sold alone or with the nearby 0.18-acre buildable lot (MLS# 2096867). Don't miss this rare find!

Location

State UT

County Tooele

Area Grantsville; Tooele; Erda; Stanp

Zoning Multi-Family

Interior

Interior Features Disposal, Floor Drains, Range/Oven: Free Stdng., Dishwasher: Built-In

Heating Forced Air, Gas: Central

Flooring Carpet, Tile

Fireplace No

Window Features Blinds

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Bay Box Windows, Double Pane Windows, Walkout

Garage Spaces 2.0

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asbestos Shingle

Present Use Residential

Topography Sprinkler: Auto-Full, Terrain: Mountain, View: Mountain

Total Parking Spaces 2

Private Pool No

Building

Lot Description Sprinkler: Auto-Full, Terrain: Mountain, View: Mountain

Faces North

Sewer Sewer: Connected

Water Culinary, Rights: Owned

Structure Type Aluminum,Brick,Frame

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Old Mill

Middle Schools Tooele

High Schools Stansbury

School District Tooele

Others

Senior Community No

Tax ID 10-027-C-0018

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Listed by Real Broker, LLC

Colin Stoneman

Agent | License ID: 14081772

+1(801) 979-0970

Colin Stoneman

1884 E SHEPARD LN Lake Point, UT 84074

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1884 E SHEPARD LN