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Spencer Court Apartments 240 N Spencer Ct

22 Unit Apartment Building $4,400,000 ($200,000/Unit) 5.60% Cap Rate Salt Lake City, UT 84103

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Executive Summary

Introducing Spencer Court Apartments, a prime 22 unit multi-family property located in the highly sought-after Avenues area of Salt Lake City. Built in the early 20th century, this property consists of six buildings comprising of 6 units (234 E), 4 units (240 E) 3 units (224 E), 4 units (226 E), 3 units (230 E), and 2 units (232 E). This property is located near City Creek Center, University of Utah, and Memory Grove Park making it a highly desirable area for rental growth. Value add opportunity. Measurements are provided as a courtesy only. Buyer is advised to obtain independent measurement.

Sale Brochure - Spencer Ct

Property Facts

Price	$4,400,000	Apartment Style	Garden
Price Per Unit	$200,000	Building Class	C
Sale Type	Investment	Lot Size	0.57 AC
Cap Rate	5.60%	Building Size	44,856 SF
No. Units	22	No. Stories	2
Property Type	Multifamily	Year Built	1940
Property Subtype	Apartment

Price	$4,400,000
Price Per Unit	$200,000
Sale Type	Investment
Cap Rate	5.60%
No. Units	22
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.57 AC
Building Size	44,856 SF
No. Stories	2
Year Built	1940

Unit Amenities

Kitchen
Refrigerator

Oven
Range

Tub/Shower

Freezer

Site Amenities

24 Hour Access

Tenant Controlled HVAC

Walk-Up

Smoke Detector

1 of 1

Bike Score ®

Very Bikeable (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 09-31-333-007-0000 09-31-333-001-0000 09-31-333-008-0000	Improvements Assessment	$1,576,900
Land Assessment	$1,822,700	Total Assessment	$3,399,600