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1884 E SHEPARD LN, Lake Point, UT 84074
$1,499,999
1884 E SHEPARD LN, Lake Point, UT 84074
Units
2
Price/Unit
$750,000
Price/Sqft
$500
Est Gross Yield
2.2%
$33,504/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 2 | 2 | 1 | 1,500 | $1,850/mo |
| Total | 2 | 4 | 2 | 3,000 | $3,700/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Rare Lake Point duplex on 1.10 acres with mountain views, horse property rights, and no HOA. Major improvements include a new roof in 2019, a new furnace and well motor in 2022. Each unit features a one-car garage, central air, Kinetico-filtered drinking water, and a walkout unfinished basement with a separate exterior entrance, offering future expansion potential. Annual gross income is approximately $48k, with a reported 2025 NOI of $40k. Both units are leased through 2027. The sale includes culinary and irrigation water rights (1.53 WA combined). Conveniently located near I-80 and approximately 25 minutes from Salt Lake City. May be purchased with the nearby 0.18-acre buildable lot. Buyer to verify all information.
Listed by Ryan Konen · Real Broker, LLC
Location
1884 E SHEPARD LN, Lake Point, UT 84074
Proforma
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Cap Rate
1.49%
Cash-on-Cash
-8.51%
Cash Flow
-$3,989/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 8/5/2026, 11:06:04 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.