**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.
Property Details
Property Features
Property Information:
Architectural Style: Stories: 2
Year Built: 1970
Stories: 0
Living Area: 4,284 SqFt
Listing Office:
Office Name: Pathway Properties, LLC
Office Phone: (385) 423-8589
Listing Agent: David A Galant
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.30 Acres
School Info
Assigned Schools Information:
Murray High School, Public District Grades 10-12
Hillcrest Jr High School, Public District Grades 7-9
Parkside School, Public District Grades KG-6
Price Information
Listing Price Info
Price Summary:
List Price: $1,150,000
Price Per SqFt: $268/SqFt
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Housing Market Comparison
See how this home compares to others in Murray, UT.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/1/2024, 12:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Parkside School
495 East 5175 South
Distance between this listing and this school0.27 miles
Public District Grades KG-6
Middle School
3
/10
Hillcrest Jr High School
126 E 5300 S
Distance between this listing and this school1.13 miles
Public District Grades 7-9
High School
5
/10
Murray High School
5440 S State St
Distance between this listing and this school0.80 miles
Public District Grades 10-12
Assigned Schools
4
/10
Parkside School
495 East 5175 South
Distance between this listing and this school0.27 miles
Public District Grades KG-6
Nearby Schools
8
/10
McMillan School
315 E 5900 S
Distance between this listing and this school0.99 miles
Public District Grades KG-6
5
/10
Longview School
6240 South 560 East
Distance between this listing and this school1.33 miles
Public District Grades KG-6
Assigned Schools
3
/10
Hillcrest Jr High School
126 E 5300 S
Distance between this listing and this school1.13 miles
Public District Grades 7-9
Nearby Schools
4
/10
Bonneville Jr High School
5330 South 1660 East
Distance between this listing and this school1.46 miles
Public District Grades 7-9
5
/10
Riverview Jr High School
751 Tripp Ln
Distance between this listing and this school2.20 miles
Public District Grades 7-9
Assigned Schools
5
/10
Murray High School
5440 S State St
Distance between this listing and this school0.80 miles
Public District Grades 10-12
Nearby Schools
9
/10
Academy For Math Engineering & Science (Ames)
5715 S 1300 E
Distance between this listing and this school1.23 miles
Public Charter Grades 9-12
2
/10
Cottonwood High School
5715 S 1300 E
Distance between this listing and this school1.23 miles
The neighbors living near this home have an average income of $52,042. Residents of Murray, UT typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 640 E Vine St in Murray, UT and zip code 84107. This 4,284 square foot home, which was built in 1970, sits on a 0.30 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $1,150,000.
Between March 2024 and April 2024, Murray, UT real estate market has seen increase in the number of listings by 80.9%. The median list price of listings available in April 2024 was $550,000, while the average time on the real estate market was 57 days.
From Rocket Homes Real Estate and based on county public records data.