2880-2910 S 200 E - Apartments FOR SALE


Salt Lake City, UT 84115
$3,400,000 USD
801-736-2634
2880-2910 S 200 E, Salt Lake City, UT for Sale
$3,400,000 USD
Apartments - FOR SALE
1/2
null | 5.16% Cap Rate

2880-2910 S 200 E
Salt Lake City, UT 84115


HIGHLIGHTS

  • Value Add Deal
  • Great Basis

OVERVIEW

Situated in the thriving city of Salt Lake City, the 20-unit apartment complex at 2880-2910 South 200 East boasts a strategic location with convenient access to key amenities and attractions. This area is renowned for its vibrant community, economic stability, and strong demand for rental properties. The property has been well maintained and has a great opportunity to add value through interior renovations and managing expenses better. Great Value Add Opportunity with Under Market Rents. Pro Forma Cap Rate = 6.39%

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

20

PRICE/UNIT

$170,000

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Connie Jean

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

R1

APN/PARCEL ID

16-30-107-030-0000

ASK ABOUT THIS PROPERTY

Kris MortensenMountain West CommercialMore Info
801-736-2634

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Kris MortensenMountain West CommercialMore Info
801-736-2634

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