155 S 400 E | Salt Lake City, UT 84111
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- LoopNet Team
155 S 400 E
Salt Lake City, UT 84111
Statesman Apartments · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Value-Add-Opportunity
- Current market apartment vacancy sits at less than 2%–the lowest rate in 20 years and the 10th consecutive year below 4%
- Strong area demographics feature a growing population of 205,439 with an average annual household income of $90,436
- Dynamic Location- Located just east of the Central Business District with significant retail amenities
- Market apartment rental rates are up 10% year-over-year, the second highest increase in 20 years
- Fee simple transaction delivered unencumbered of debt
PROPERTY FACTS
| No. Units | 20 | Building Size | 9,603 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1928/1995 |
| Building Class | C | Parking Ratio | 1.27/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | R-MU - Residential Mixed Use | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,603 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1928/1995 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | R-MU - Residential Mixed Use |
AMENITIES
UNIT AMENITIES
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Island Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 16-06-206-008-0000 | Improvements Assessment | $1,433,000 |
| Land Assessment | $1,987,100 | Total Assessment | $3,420,100 |
PROPERTY TAXES
Parcel Number
16-06-206-008-0000
Land Assessment
$1,987,100
Improvements Assessment
$1,433,000
Total Assessment
$3,420,100
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