2880-2910 S 200 E - Apartments FOR SALE


Salt Lake City, UT 84115- South Salt Lake City
$3,250,000 USD
801-736-2632
2880-2910 S 200 E, Salt Lake City, UT for Sale
$3,250,000 USD
Apartments - FOR SALE
1/8
null | 5.63% Cap Rate

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


HIGHLIGHTS

  • VALUE-ADD POTENTIAL: Currently renting below-market, a new owner can increase base rents by ±$172 per month to add ±$41,280 in gross annual income
  • WELL-LOCATED: Connie Jean benefits from its central location, near I-15, I-80, and major employment centers including Downtown Salt Lake
  • GROWTH POTENTIAL: Utah is projected to grow in population by over 500,000 people in the next nine years further increasing tenant demand

OVERVIEW

Marcus & Millichap is pleased to announce the exclusive listing of Connie Jean Apartments. Located in the growing Salt Lake market, this opportunity offers value-add potential for a new owner through physical improvements and increasing rents and ancillary fees to market rates. Connie Jean benefits from its proximity to downtown, I-15, and I-80. Salt Lake is the state's largest business center and offers various economic and recreational appeals. Large companies and schools nearby such as Goldman Sach's, Zion's Bank, the University of Utah, and Westminster University, add to the strong and growing local economy.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

20

PRICE/UNIT

$162,500

CAP RATE

5.63%

% 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

Evan ClarkMarcus & MillichapMore Info
801-736-2632

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Evan ClarkMarcus & MillichapMore Info
801-736-2632

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