Price Reduced

Photo 1 of 1162 E 400 S

Photo 2 of 1162 E 400 S

Photo 3 of 1162 E 400 S

Photo 4 of 1162 E 400 S

Photo 5 of 1162 E 400 S

Photo 6 of 1162 E 400 S

Photo 7 of 1162 E 400 S

Photo 8 of 1162 E 400 S

Photo 9 of 1162 E 400 S

Photo 10 of 1162 E 400 S

Photo 11 of 1162 E 400 S

Photo 12 of 1162 E 400 S

Photo 13 of 1162 E 400 S

Photo 14 of 1162 E 400 S

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	1.1 miles
Bryant Jr. High	7 - 8	1.7 miles
East High School	9 - 12	1.1 miles

$2,500,000

($261/SF) • $/month

Listing Price

$

Down payment

$

%

Length of Loan

Interest Rate

%

Property Taxes

$

/year

HOA

$

/month

Insurance

$

/year

estimated monthly payment:

$

Price Change: $-400,000 (6 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

41 Days on Market

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	1.1 miles
Bryant Jr. High	7 - 8	1.7 miles
East High School	9 - 12	1.1 miles

Similar Properties

View of front of house featuring a front lawn, brick siding, and roof with shingles

View of front facade featuring brick siding, a shingled roof, and fence

Exterior space featuring brick siding, entry steps, an outbuilding, driveway, and a storage unit

View of side of property with brick siding and fence

View of front of property featuring a gate, a fenced front yard, and roof with shingles

Exterior space featuring entry steps, a carport, driveway, and a shingled roof

Traditional home featuring a garage and concrete driveway

Exterior space with a garage and driveway

View of property exterior featuring a garage and fence

View of front facade featuring driveway, a garage, and fence

View of property exterior with a garage, a trampoline, concrete driveway, and fence

View of front of property featuring a fenced front yard and a shingled roof

Birds eye view of property featuring a residential view

Bird's eye view featuring a residential view

Bird's eye view with a residential view

Drone / aerial view featuring a residential view

Bird's eye view with a residential view

Drone / aerial view

Aerial view with a mountain view and a residential view

Birds eye view of property with a mountain view

Birds eye view of property with a residential view

Aerial view featuring a residential view

View of front facade featuring central air condition unit, an attached garage, a chimney, and driveway

Residential

$2,180,000

416 E Scott Ave

Salt Lake City, UT

18 Bed
12 Bath
8,663 SF
0.66 AC

Under Construction

View of property with fence private yard

View of property featuring fence

View of property

Not applicable space

View of building exterior with a garage

Miscellaneous document

View of building exterior featuring an attached garage

View of home's exterior with fence

View of misc room

View of misc room

View of misc room

View of misc room

View of patio featuring a mountain view

View of miscellaneous room

Residential

$2,999,990

4344 S Main St

Salt Lake City, UT

11 Bed
12 Bath
10,941 SF
0.22 AC

Greek revival inspired property featuring brick siding

Doorway to property featuring brick siding

View of property exterior with a balcony, a porch, and brick siding

Interior space with wood finished floors

Hallway with baseboard heating, wood finished floors, and electric panel

Unfurnished room featuring baseboards, a healthy amount of sunlight, baseboard heating, and wood finished floors

Carpeted empty room featuring a baseboard radiator

Unfurnished room with baseboard heating and wood finished floors

Empty room with baseboards, a baseboard heating unit, and dark wood-type flooring

Living room featuring baseboard heating and baseboards

Empty room featuring a baseboard radiator, baseboards, and wood finished floors

Kitchen featuring black microwave, a sink, light wood-style floors, light countertops, and white range with electric stovetop

Kitchen featuring freestanding refrigerator, light countertops, a sink, and range with electric stovetop

Full bath featuring a stall shower, wood finished floors, and vanity

Corridor featuring baseboards and hardwood / wood-style flooring

Rear view of property with stairs and a chimney

Residential

$2,850,000

653 E 300 S

Salt Lake City, UT

18 Bed
14 Bath
8,176 SF
0.22 AC

View of front of property

Residential

$2,600,000 $100,000

215 S 300 E

Salt Lake City, UT

20 Bed
15 Bath
7,711 SF
0.15 AC

View of property

View of property

Unit #7 - Bedroom #1

Unit #7 - Bedroom #1 - Closet

Unit #7 - Bedroom #1

Unit #7 - Bedroom #2

Unit #7 - Bedroom #2

Unit #7 - Bedroom #2

Unit #8 - Bedroom #1

Unit #8 - Bedroom #1 - Closet

Unit #8 - Bedroom #1

Unit #8 - Bedroom #2

Unit #8 - Bedroom #2

Shared Laundry Room located on East side of Building.

View of property featuring uncovered parking

Residential

$2,095,000

1495 S 200 E

Salt Lake City, UT

18 Bed
9 Bath
6,553 SF
0.22 AC

Under Contract

View of front facade featuring brick siding

View of building exterior

Kitchen with dark wood-type flooring, a sink, visible vents, white cabinets, and light countertops

Kitchen with dark wood finished floors, decorative backsplash, appliances with stainless steel finishes, white cabinets, and a sink

Hall featuring dark wood-style floors, recessed lighting, a textured ceiling, electric panel, and baseboards

Living area featuring concrete block wall, baseboards, and wood finished floors

Kitchen featuring dark wood-style flooring, stainless steel appliances, white cabinets, a sink, and a textured ceiling

Bathroom featuring visible vents, toilet, wood finished floors, a textured ceiling, and vanity

Kitchen featuring washer / dryer, white cabinets, appliances with stainless steel finishes, dark wood-style flooring, and a sink

Bedroom with baseboards, dark wood-type flooring, and recessed lighting

Living area featuring dark wood-type flooring and concrete block wall

Bathroom featuring visible vents, shower / bathtub combination with curtain, toilet, vanity, and wood finished floors

Bedroom with wood finished floors, concrete block wall, and crown molding

Bedroom with crown molding, wood finished floors, and recessed lighting

Laundry room with stacked washer and dryer, laundry area, dark wood-type flooring, and a sink

Living area with a textured ceiling, light wood finished floors, visible vents, and baseboards

Kitchen with stainless steel appliances, recessed lighting, white cabinets, a sink, and wood finished floors

Residential

$2,300,000

369 S 1000 E

Salt Lake City, UT

8 Bed
8 Bath
5,960 SF
0.20 AC