369 S 1000 E - Apartments FOR SALE


Salt Lake City, UT 84102- East Central
$2,300,000 USD
801-656-7354
369 S 1000 E, Salt Lake City, UT for Sale
$2,300,000 USD
Apartments - FOR SALE
1/19
null | 5.92% Cap Rate

369 S 1000 E
Salt Lake City, UT 84102
East Central


HIGHLIGHTS

  • Walk Score: 77, Very Walkable
  • New Water Heaters (2022)
  • Dishwasher, Stove/Oven, Fridge, Washer, Dryers in Units
  • Roof Recently Replaced
  • All Units Separately Metered

OVERVIEW

Legend Partners is pleased to present an exceptional multifamily investment opportunity, this rare 8-plex property is ideally located in the highly sought-after University neighborhood, directly adjacent to the University of Utah. Offering an attractive combination of proximity to both educational and transportation hubs, this property benefits from its location near a TRAX station, making it an excellent choice for tenants who desire easy access to downtown Salt Lake City, just minutes away. Renovated in 2022: Extensively updated with modern amenities, minimizing immediate capital expenditures. Key improvements include: • New water heaters and HVAC systems • New driveway and front porch • New LVP flooring • New washer and dryer • Security system with cameras • New padlocks and doors • Exterior paint • Roof replaced within the last 5 years • High Demand Area: Prime location near the University of Utah, with easy access to TRAX and downtown Salt Lake City, ensuring strong tenant demand and consistent rental income • Two (2) 2 bedroom 1 bath • Six (6) 1 bedroom 1 bathroom • Each unit includes dishwasher, stove/oven, fridge, & washer/dryer • 2022 New Water heaters and HVAC • 2022 New Driveway / Front Porch • 2022 New Padlocks and Door • 2022 Exterior Paint • Updated LVP Flooring • HIK Vision Security System Camera • Roof recently replaced • 1 Parking Stall Per Tenant • New Trex Boards on Deck • Google Fiber • All units separately metered (gas/electric)

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,500

CAP RATE

5.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

369 South 8-Plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RMF-30

APN/PARCEL ID

16-05-402-015-0000,16-05-402-016-0000

ASK ABOUT THIS PROPERTY

Skyler PetersonLegend PartnersMore Info
801-656-7354

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Skyler PetersonLegend PartnersMore Info
801-656-7354

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