DEVELOPER TEST TENANT

Stories: 3

1162 E 400 S

Salt Lake City , UT 84102

MLS#: 2071896

$2,300,000

Status: Active
Listing number: 2071896
Listing provided by: Investment Realty Advisors LLC
Listing agent phone: None
Last update: 3 months ago
On site: 6 months ago
Browse Properties
PLAT F - Residential Income

Property

Beds

16

Full Baths

None

1/2 Baths

None

Year Built

1973

Sq.Footage

9,563

**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.

Features & Amenities

Interior

  • Total Bedrooms

    16

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Brick

  • Parking

    Covered

  • Pool

    No

  • View

    Mountain(s)

Area & Lot

  • Lot Size(acres)

    0.27

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Stories: 3

Price

  • Sales Price

    $2,300,000

  • Tax Amount

    11645.0

  • Zoning

    R-2

  • Sq. Footage

    9, 563

  • Price/SqFt

    $240

HOA

  • Association

    NO

School District

  • Elementary School

    Salt Lake

  • Middle School

    Bryant

  • High School

    East

Property Features

  • Senior Community YN

    NO

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Location

County

Salt Lake

Elementary School

Salt Lake

Middle School

Bryant

High School

East

Listing Courtesy of Joseph Mills , Investment Realty Advisors LLC

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Agent EugenePontecorvo

Principal Broker

EugenePontecorvo

Call Eugene today to schedule a private showing.

(815) 780-9623

(815) 780-9623

[email protected]


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**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.

1162 E 400 S

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