240 N Spencer Ct - Apartments FOR SALE


Salt Lake City, UT 84103
$4,400,000 USD
801-747-9502
240 N Spencer Ct, Salt Lake City, UT for Sale
$4,400,000 USD
Apartments - FOR SALE
1/14
null | 5.6% Cap Rate

240 N Spencer Ct
Salt Lake City, UT 84103


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

22

PRICE/UNIT

$200,000

CAP RATE

5.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spencer Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

SR-1A

APN/PARCEL ID

09-31-333-001-0000,09-31-333-007-0000,09-31-333-008-0000

ASK ABOUT THIS PROPERTY

Porter CriddleInvestment Realty AdvisorsMore Info
801-747-9502

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Porter CriddleInvestment Realty AdvisorsMore Info
801-747-9502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.