UT > Salt Lake City > Plat F
Salt Lake City, UT 84102,1162 E 400 S
Salt Lake City, UT 84102,1162 E 400 S
Salt Lake City, UT 84102,1162 E 400 S
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Michael Carter

Michael Carter

+1(801) 349-9095
$2,500,000
Est. payment /mo
16 Beds
8 Baths
9,563 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,563 sqft

Price per Sqft $261

Subdivision Plat F

MLS Listing ID 2071896

Style Stories: 3

Bedrooms 16

Construction Status Blt./Standing

HOA Y/N No

Year Built 1973

Annual Tax Amount $11,645

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

**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.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Zoning Multi-Family

Interior

Interior Features Disposal, Range/Oven: Free Stdng.

Heating Gas: Central

Flooring Carpet, Laminate, Vinyl

Inclusions Microwave, Range, Refrigerator

Fireplace false

Window Features Blinds

Exterior

Garage Spaces 2.0

Carport Spaces 8

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Membrane

Present Use Residential

Topography Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain

Total Parking Spaces 12

Private Pool false

Building

Lot Description Sidewalks, Sprinkler: Auto-Full, View: Mountain

Sewer Sewer: Connected

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Bennion (M Lynn)

Middle Schools Bryant

High Schools East

School District Salt Lake

Others

Senior Community No

Tax ID 16-05-408-055

Ownership Agent Owned

Acceptable Financing Cash, Conventional, Exchange

Horse Property No

Listing Terms Cash, Conventional, Exchange

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Listed by Investment Realty Advisors LLC

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agent

Michael Carter

+1(801) 349-9095

Broker Associate

Broker Associate

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1162 E 400 S