Seller Financing available. Great value add opportunity. Prime corner lot with two houses on one lot. The front home is currently zoned residential and the second home commercial, but it has been used residentially and currently set up as a 3 bed, 1 bath house. It was originally built to be used as a business but has been used residentially for many years. Potential to run your business out of one of the homes and rent the other to offset the mortgage or live in one and run business next door, or rent both out. Fantastic investment opportunity all around. Address of second home is 1555 1200 W, Farr West, UT 84404. Houses have separate gas and power meters.
The median home value in Farr West, UT is $575,500. This is higher than the county median home value of $427,000. The national median home value is $338,100. The average price of homes sold in Farr West, UT is $575,500. Approximately 88.36% of Farr West homes are owned, compared to 8.97% rented, while 2.67% are vacant. Farr West real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Farr West real estate agent to arrange a tour today!
Farr West, Utah has a population of 7,581. Farr West is more family-centric than the surrounding county with 48.95% of the households containing married families with children. The county average for households married with children is 38.78%.
The median household income in Farr West, Utah is $98,088. The median household income for the surrounding county is $74,345 compared to the national median of $69,021. The median age of people living in Farr West is 37.7 years.
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 20.2 degrees. The average rainfall is approximately 20 inches per year, with 33.8 inches of snow per year.