UT > Salt Lake City
Salt Lake City, UT 84118,5934 S COUGAR LN
Salt Lake City, UT 84118,5934 S COUGAR LN
Salt Lake City, UT 84118,5934 S COUGAR LN
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$3,969,000
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10 BD
12 BA
8,430 SqFt
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5934 S COUGAR LN Salt Lake City, UT 84118

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Richard Ortiz

Richard Ortiz

+1(801) 750-3355

UPDATED:

11/18/2024 08:25 PM

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,430 sqft

Price per Sqft $470

MLS Listing ID 2044866

Style Five-Plex

Bedrooms 10

Construction Status Blt./Standing

HOA Y/N No

Year Built 1979

Annual Tax Amount $8,642

Lot Size 1.440 Acres

Acres 1.44

Lot Dimensions 0.0x0.0x0.0

Property Description

Potential to Earn Rental Income (previously renting for $11,500 per month) while Developing this large parcel, especially with the Salt Lake City, Utah Winter Olympics 2034 coming, this is a Prime Development Opportunity Potential- Hotel, Short Term, Mixed Use? On a Spacious 1.44-acre lot close to the *Utah Olympic Oval Venue, *South Valley Regional Airport, *Kearns High School, and *Kearns Park & Recreation Center, with easy access to major freeways and highways. *With flexible zoning options and city interest in rezoning, and several plans already drawn up, this property is ideal for a MIXED-USE PROJECT, potentially incorporating Commercial Retail Spaces with Residential Units above, or a full Multi-Family Residential Development. *Drawings and talk with the city of podium style building with 6 commercial units below and 28 apartments above. (See Attachments). *The city is open to all kinds of Zoning and Businesses, and the Kearns City Council has expressed enthusiasm for various project concepts, including owner-occupied Multi-family housing. *This flat, expansive lot currently includes two existing buildings at 5934 S & 5930 S, each approximately 4,215 square feet, totaling around 8,430 square feet. *Also includes two large storage buildings with basements. *Previously used as youth housing and residential treatment facilities, the property's strategic location and zoning flexibility make it perfect for new development, the Olympics, or continued use as housing, including options for temporary housing for athletes training nearby. *Don't miss this rare chance to bring a high-impact project to an area eager for growth. *Further details on city discussions and potential approved plans are available upon request.Owner agent

Location

State UT

County Salt Lake

Area Magna; Taylrsvl; Wvc; Slc

Zoning Single-Family, Multi-Family, Commercial

Interior

Interior Features Den/Office, Disposal, Great Room, Kitchen: Second, Mother-in-Law Apt., Range/Oven: Free Stdng., Vaulted Ceilings, Dishwasher: Built-In

Heating Forced Air, Gas: Central

Flooring Carpet, Laminate, Linoleum

Inclusions Basketball Standard, Ceiling Fan, Dryer, Microwave, Range, Refrigerator, Storage Shed(s), Swing Set, Washer, Window Coverings

Equipment Basketball Standard, Storage Shed(s), Swing Set, Window Coverings

Fireplace No

Window Features Full,Shades

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Out Buildings, Lighting, Porch: Open, Patio: Open

Utilities Available Natural Gas Connected, Sewer Connected, Sewer: Public, Water Connected

Waterfront No

View Y/N Yes

View Mountain(s)

Roof Type Flat,Membrane

Present Use Residential

Topography Corner Lot, Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain, Private

Handicap Access Accessible Doors, Accessible Hallway(s), Ground Level, Single Level Living

Porch Porch: Open, Patio: Open

Total Parking Spaces 20

Private Pool false

Building

Lot Description Corner Lot, Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain, Private

Faces East

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Beehive

Middle Schools Thomas Jefferson

High Schools Kearns

School District Granite

Others

Senior Community No

Tax ID 20-13-426-067

Acceptable Financing Assumable, Cash, Conventional, Seller Finance

Listing Terms Assumable, Cash, Conventional, Seller Finance

Listed by Platinum Place Realty

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Richard Ortiz

Administrator | License ID: 6209444-SA00

+1(801) 750-3355

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5934 S COUGAR LN

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