1884 E Shepard Ln Lake Point UT 84074 | $1,500,000

Property Facts

Days on URE 9

Status ACTIVE

MLS# 2096777

Type Duplex

Style 1 - Story

Year Built 2001

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!

Property Features

Interior Features

Exterior Features

Other Features

Totals

Unit Configuration

Unit 1
Unfurnished: 1 A/C Elec: 1 Gas Meters: 1 Elec Meters: 1 Disposals: 1 Dishwashers: 1	Oven Ranges: 1 Refrigerators: 1 Square Ft.: 1,500 Bedrooms: 2 Full Baths: 1	Family Rooms: 1 Kitchens: 1 Covered Parking: 1 Uncovered Parking: 2 Current Rent: $1,850

Unit 2
A/C Elec: 1 Gas Meters: 1 Elec Meters: 1 Disposals: 1 Dishwashers: 1	Oven Ranges: 1 Refrigerators: 1 Square Ft.: 1,500 Bedrooms: 2 Full Baths: 1	Family Rooms: 1 Kitchens: 1 Covered Parking: 1 Uncovered Parking: 2 Current Rent: $1,850

Schools

Designated Schools

Elementary School Old Mill

Middle School Tooele

High School Stansbury

School District Tooele

View School Ratings by Utah Dept. of Education

Nearby Schools

GreatSchools Rating	School Name	Grades	Distance
4	Clarke N Johnsen Jr High School Public Middle School	7-8	7.84 mi
7	Stansbury Park School Public Preschool, Elementary	PK	3.21 mi
7	Rose Springs School Public Preschool, Elementary	PK	3.74 mi
5	Stansbury High School Public High School	9-12	4.06 mi
5	Bonneville Academy Charter Elementary, Middle School	K-8	4.20 mi
6	Excelsior Academy Charter Elementary, Middle School	K-8	5.49 mi
NR	First Steps Private Preschool, Elementary	PK-K	6.27 mi
6	Overlake School Public Elementary	K-6	7.82 mi
4	Copper Canyon School Public Preschool, Elementary	PK	8.04 mi
5	Middle Canyon School Public Elementary	K-6	8.45 mi
3	Elk Run Elementary Public Preschool, Elementary	PK	8.68 mi
2	Cyprus High School Public High School	9-12	8.69 mi
4	Scholar Academy Charter Elementary, Middle School	K-8	8.82 mi
3	Magna School Public Preschool, Elementary	PK	8.93 mi
NR	Alianza Academy Private Elementary, Middle School	K-8	9.22 mi