1884 E SHEPARD LN Active Save Request In-Person Tour Request Virtual Tour
Lake Point,UT 84074
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
Rare Lake Point Duplex with Acreage, Mountain Views & Horse Property Rights. Discover a rare investment or house-hack opportunity in beautiful Lake Point! This charming 1.10-acre duplex offers the freedom of no HOA, horse property rights, and incredible potential-live in one unit and rent out the other, or keep both as part of your growing portfolio. Built in 2001 and lovingly maintained by the original owners, each unit includes a one-car garage, central air and heat, and Kinetico filtered water at the kitchen sink, plus a shared water softener. Both units feature walkout unfinished basements with exterior entries-a rare setup that provides the opportunity to finish and add even more rental income down the road. Enjoy peaceful, rural living with open mountain views and plenty of space for animals, trailers, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). You'll love being just 25 minutes from Salt Lake City, with easy I-80 access, Lake Point Park nearby, and a bus stop less than half a block away. This property is one of only five grandfathered duplexes in Lake Point-a true limited inventory gem. Annual gross income is approximately $44,590, with a 2024 NOI of $38,600 and both leases secured through 2026. The sale includes two separate water rights for culinary and irrigation use. This duplex may be sold alone or alongside the nearby 0.18-acre buildable lot (MLS# 2096867), making it ideal for investors or those pursuing a 1031 exchange. Don't miss this chance to own one of Lake Point's rare multi-unit properties!
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
Virtual Tour https://listings.promedia-co.com/1884-Shepard-Ln-Tooele-UT-84074-USA?mls=