Charming Bungalow with Separate ADU, Steps from Downtown and University!

264 S Ivan Ct Salt Lake City, Utah 84102 United States

Nestled in the heart of Salt Lake City, just steps away from the esteemed University of Utah, this charming bungalow offers a unique blend of classic charm and modern convenience. With two bedrooms and two bathrooms, it features an open and inviting living space on the main level, seamlessly connecting the living room, dining area, and a well-appointed kitchen. The primary bedroom boasts an ensuite bathroom for added privacy. Additionally, an upstairs loft presents an excellent opportunity for customization, potentially serving as a versatile third bedroom, home office, or creative studio. The lower level of the property houses an impressive Additional Dwelling Unit (ADU) with a separate entrance. This studio apartment is equipped with a full kitchen, bathroom, and washer/dryer, offering a self-contained living space. This ADU presents a significant rental income opportunity or can function as a private guest suite. The outdoor space is adorned with an open patio space providing a peaceful escape in the heart of the city. The backyard offers ample space for gardening, relaxation, and outdoor activities. Only a block away from the Trax system, you'll enjoy seamless access to the University, hospital facilities, and the vibrant city center. Additionally, you'll find convenience in walking distance to a range of grocery stores including Whole Foods, Trader Joe’s, Sprouts, Smith’s, and Trolley Square, as well as top-notch dining options such as Café Niche. Renowned for its leafy avenues, nearby parks, and abundant amenities, this location is an idyllic fit for both students and professionals alike. This property represents an outstanding investment opportunity, offering the versatility of generating rental income from the ADU. For homebuyers looking to offset their mortgage, the ADU provides an excellent option for additional income. Contact me today to schedule a viewing and explore the endless possibilities this charming bungalow has to offer!