Price Reduced

Listed By Investment Realty Advisors LLC, Joseph Mills. 435-485-7070
| Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.

Description

Details

Schools

**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.

UTILITIES

Heating

Gas: Central

Cooling

unspecified

Water/Sewer

Sewer: Connected

Electric

unspecified

Info

Year Built

1973

Garage

2 Spaces

Style

Stories: 3

2020 Taxes

$11,645

NAME	GRADES	DISTANCE
Bennion (M Lynn) Elementary	Pre - 6
Bryant Jr. High	7 - 8
East High School	9 - 12

$2,300,000

($241/SF) • $/month

Listing Price

$

Down payment

$

%

Length of Loan

Interest Rate

%

Property Taxes

$

/year

HOA

$

/month

Insurance

$

/year

estimated monthly payment:

$

Price Change: $-600,000 (96 Days Ago)

16 Bed •

8 Bath •

9,563 SF •

0.27 AC

1162 E 400 S

Salt Lake City, UT 84102

Subdivision

Plat F

MLS# 2071896

151 Days on Market

Contact Jennifer

Jennifer Stickler

Jennifer Stickler Jennifer@mountainluxury.com 801.430.0073 Principal Broker

Description

Details

Schools

**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.

UTILITIES

Heating

Gas: Central

Cooling

unspecified

Water/Sewer

Sewer: Connected

Electric

unspecified

Info

Year Built

1973

Garage

2 Spaces

Style

Stories: 3

2020 Taxes

$11,645

NAME	GRADES	DISTANCE
Bennion (M Lynn) Elementary	Pre - 6
Bryant Jr. High	7 - 8
East High School	9 - 12

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