ActiveResidential · sale

1146 S REDWOOD RD #505

Salt Lake City, UT 84104

$395,000

  • 2 beds
  • 3 baths
  • 1,243 sq ft
  • 0.01 acres
  • Built 2024

Listed by Presidio Real Estate · MLS #2182145

1146 S REDWOOD RD #505, Salt Lake City, UT 84104 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2024.

Garage parking

2 garage spaces listed.

Property size

0.01 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

GET $17,500 TOWARD YOUR DOWN PAYMENT & CLOSING COSTS - NO REPAYMENT REQUIRED! Contact listing agent for program details and eligibility. This entire community sold out in mere months before construction finished and now is your chance to take a spot that is the envy of the neighborhood. Rowend townhouses such as this one don't appear often, this one happens to be one of the best corner lots in the community. Built by "Builder of The Year" McArthur Homes in impeccable condition with one owner. The upgraded Safavieh light fixtures, Quartz countertops, and included appliances are just where it begins, with two spacious bedrooms, each featuring its own upgraded ensuite bath and a convenient guest bath on the lower level. Views of The University of Utah and Wasatch Mountain Range are the backdrop for daily life here. Featuring an attached two-car garage that comfortably fits any two vehicles including full-size trucks, guest parking, and a quick commute anywhere in Salt Lake City. This is homeownership made easy with a comparatively low HOA fee of $180/month that includes property insurance, high-speed fiber internet that tested over 1,000+ mbps, water, trash services, landscaping, snow removal, and more. The only separate expense is electricity making it one of the few future-facing all-electric neighborhoods in the greater Downtown Salt Lake area meaning there is no such thing as a gas bill here. The average electricity bill is low, averaging about $75/month with a high-efficiency, high-SEER HVAC system and ductwork that actually makes sense, you can cool or heat your townhouse in minutes, while older systems take hours. Each townhome at Dawson Place has an integrated whole-home fire suppression system that undergoes inspection every year providing sprinkler coverage throughout the residence for an added level of peace of mind with your newly constructed residence. When you're done living here, you can turn it into a rental that pays for itself, notably simple to manage. Schedule a showing to see one of the few townhomes in Dawson Place listed for the very first time by contacting your agent, the listing agent, Sydney Rosenblatt, or plan a visit to one of our Open Houses until this property is reserved!
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THE NEIGHBORHOOD

Explore the location.

1146 S REDWOOD RD #505, Salt Lake City, UT 84104

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2024
Full baths
2
Half baths
1
Garage spaces
2
Cooling
Central Air,Heat Pump
Heating
Electric,>= 95% efficiency
Appliances
Dryer,Microwave,Refrigerator,Washer
Flooring
Carpet,Laminate
Utilities
Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Pool
No
Spa
No
Subdivision
DAWSON PLACE
Zoning
Single-Family, Multi-Family
Parcel
15-10-328-029
HOA amenities
Insurance,Maintenance,Pet Rules,Pets Permitted,Sewer Paid,Trash,Water
HOA fee frequency
Monthly
Elementary school
Mountain View
Middle school
Glendale
High school
West
Annual property tax
$1,840.00
HOA fee
$180.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$857.21
Estimated monthly rent$1,645.83
Cap rate2.85%

Annual operating income: $11,273.97

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

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1146 S REDWOOD RD #505, Salt Lake City, UT 84104 · MLS #2182145

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Listing information

MLS #2182145 · Utah Real Estate MLS

Listing brokerage: Presidio Real Estate
Listing agent: Sydney Rosenblatt

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.