1884 E Shepard Ln
Lake Point, UT 84074
MLS #2096777

Duplex for Sale

Charming Rural Duplex with Horse Property No HOA! This rare 1.10-acre duplex in beautiful Lake Point offers the best of both worlds-live in one unit and rent out the other, or add it to your investment portfolio! With horse property rights, there's plenty of room for animals, trailers, gardens, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). Built in 2001 and lovingly maintained by the original owners, this duplex features walkout unfinished basements with exterior entries-a rare opportunity to finish the space and increase rental income. Each unit includes a one-car garage, central air and heat, Kinetico filtered water at the kitchen sink, and a shared water softener. Enjoy a peaceful, rural lifestyle with mountain views, no HOA, and a bus stop less than half a block away. Lake Point Park, I-80 access, and Salt Lake City (just 25 minutes away) are all nearby. There are only five grandfathered duplexes in Lake Point-this is your chance to own a piece of that limited inventory. Annual gross income: $41,860. NOI for 2024: $36,194.70, with rent steadily increasing year over year. Includes two separate water rights for both culinary and irrigation use. May be sold alone or with the nearby 0.18-acre buildable lot (MLS# 2096867). Don't miss this rare find!