The best markets to invest in are the markets you know! As a newly married couple, we started to explore our Utah home more and more. As a student at the local downtown university, I would drive through SLC’s Avenues neighborhood making my way home. Originally, I was trying to find the fastest way home, but began to love this quiet neighborhood just minutes from downtown. The matures trees this neighborhood offered often made you forget you were even in the city. That is how we knew this home was perfect for us.
After a thorough analysis of local rent prices and Salt Lake’s economic and population trends, we purchased this distressed property. The significant rehab put into this house turned it into a home. In fact, this home has never been vacant for more than a few days over the past three years of ownership! Since this purchase, our goals have shifted, making it our last SFH investment.
The rehab included adding a full bathroom, increased storage space, and significant cosmetic updates to the entire house. Finally, landscaping had been neglected for years, so the simple addition of native plants and mulch provided a much cleaner look and nice curb appeal.
We are happy to share this property sold in July of 2021 with 8 great offers to choose from.
