Multi-family Portfolio
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Multi-family Portfolio
2 Multifamily Properties Offered at $2,900,000 in Salt Lake City, UT
Executive Summary
One 7 unit property and one duplex available for sale.
Welcome to the SULA, a rarely available 7-plex in the heart of the Avenues near the University of Utah. Stunning historical architecture offers a sense of significance in this urban neighborhood within walking distance of downtown Salt Lake City. High quality tenants are drawn to the property because of the charming interior upgrades and the pristine brick exterior. Hardwood floors, original fireplaces, balconies straight out of the French Quarter, remodeled bathrooms and kitchens give the units a sense of modern appeal and functionality. Exposed brick walls on the interior warm the space up while the tall ceilings give the units a sense of grandeur. All units are fully rented and are equipped with fire escapes as needed. Three of the units have their own washer/dryer units and 5 of the units have dishwashers. Head next door to Java Joes for your morning coffee, swing down the street to Cucina's Deli on 2nd Ave for a light lunch or walk up to Wildwood for an elegant dining experience. The Avenues is a perfect walking destination. Finally an investment property that reflects your style! (Gross Rents annually $143,520. Offer is subject to inspection, PLEASE DO NOT DISTURB TENANTS)
All units are fully occupied. ~ Offers are Subject to Inspection ~ Tenants are unaware of the sale, so please do not go to the property without permission. ~ Landord pays water/sewer/trash.
Welcome to 779 South 400 East! Highly sought after duplex in a prime downtown location! Extensive work has been done to this classic Victorian, side by side duplex. New 30 year roof with transferable warranty and replaced main sewer line summer of 2017. Amazing layouts with bedrooms on upper floors and flowing main level living space. Each unit has approx 1150 SF of above grade finished living space and each has approx 200 SF of unfinished basement storage and easy utility access. Sep meters, furnaces and water heaters. Tenants pay utilities except water/trash which is covered by owner. Auto sprinkler and drip for easy yard maintenance. Unit 777 has 2 bedrooms, a full bath and a stacked washer/dryer. Unit. 779 has 1 BR and a den up (den is actually a "walk-through" bedroom) with an upgraded 3/4 Bath on main and pantry with W/D hook ups. Finally a duplex that reflects your style!
Welcome to the SULA, a rarely available 7-plex in the heart of the Avenues near the University of Utah. Stunning historical architecture offers a sense of significance in this urban neighborhood within walking distance of downtown Salt Lake City. High quality tenants are drawn to the property because of the charming interior upgrades and the pristine brick exterior. Hardwood floors, original fireplaces, balconies straight out of the French Quarter, remodeled bathrooms and kitchens give the units a sense of modern appeal and functionality. Exposed brick walls on the interior warm the space up while the tall ceilings give the units a sense of grandeur. All units are fully rented and are equipped with fire escapes as needed. Three of the units have their own washer/dryer units and 5 of the units have dishwashers. Head next door to Java Joes for your morning coffee, swing down the street to Cucina's Deli on 2nd Ave for a light lunch or walk up to Wildwood for an elegant dining experience. The Avenues is a perfect walking destination. Finally an investment property that reflects your style! (Gross Rents annually $143,520. Offer is subject to inspection, PLEASE DO NOT DISTURB TENANTS)
All units are fully occupied. ~ Offers are Subject to Inspection ~ Tenants are unaware of the sale, so please do not go to the property without permission. ~ Landord pays water/sewer/trash.
Welcome to 779 South 400 East! Highly sought after duplex in a prime downtown location! Extensive work has been done to this classic Victorian, side by side duplex. New 30 year roof with transferable warranty and replaced main sewer line summer of 2017. Amazing layouts with bedrooms on upper floors and flowing main level living space. Each unit has approx 1150 SF of above grade finished living space and each has approx 200 SF of unfinished basement storage and easy utility access. Sep meters, furnaces and water heaters. Tenants pay utilities except water/trash which is covered by owner. Auto sprinkler and drip for easy yard maintenance. Unit 777 has 2 bedrooms, a full bath and a stacked washer/dryer. Unit. 779 has 1 BR and a den up (den is actually a "walk-through" bedroom) with an upgraded 3/4 Bath on main and pantry with W/D hook ups. Finally a duplex that reflects your style!
Property Facts
| Price | $2,900,000 | Number of Properties | 2 |
| Price / SF | $310.69 / SF | Individually For Sale | 1 |
| Sale Type | Investment | Total Building Size | 9,334 SF |
| Status | Active | Total Land Area | 0.18 AC |
| Price | $2,900,000 |
| Price / SF | $310.69 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 9,334 SF |
| Total Land Area | 0.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 60 N E St, Salt Lake City, UT 84103 | Multifamily | 6,620 SF | 1906 | $2,300,000 |
| 779 S 400 E, Salt Lake City, UT 84111 | Multifamily | 2,714 SF | 1901 | - |
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