SLC — N Street (Avenues, legal duplex)

About this deal

1899 two-story legal duplex in the lower Avenues with a detached 2-car garage — keep as a duplex or convert back to single-family. Our conservative comp-based ARV is ~$800K (provisional, medium confidence — closest matches: a 2,282 sqft 1907 home on L St sold at $850K/$372 per sqft and a 2,295 sqft Avenues duplex sold at $875K/$381 per sqft; neighborhood average $425/SF), vs. the wholesaler's $1,075,000 claim — about $275K lower. The claim implies $545/SF, which no comparable-sized Avenues sale supports. Asking $590K is ~74% of our ARV: doesn't pencil as a pure flip once 1899-grade rehab is added, but works as a duplex BRRRR/hold (~$1,700–$2,100/unit rent, estimate to verify). Occupied, by appointment only; no dates or EMD stated. Assume knob-and-tube, galvanized plumbing, sewer lateral, and lead/asbestos risk until inspected. Note: the Avenues market is thin (18 sales in 12 months, median down 22% YoY), so all ARVs carry extra uncertainty.

Red Valley Real Estate presents every deal in the same format — asking price, ARV, and projected rent — so you can compare opportunities side by side. The ARV we show is our OWN conservative comp-based estimate, not the wholesaler's number: we comp every deal independently and lean to the low end, then show the wholesaler's claim beside ours so you can see the gap. Public-comp figures are marked provisional until our licensed agents confirm them against MLS sold data. We don't publish rehab numbers we can't stand behind: where you see a rehab range, it comes from our review of the property photos, and you can test your own assumptions with the calculators below or ask us to arrange a contractor walkthrough.