643-657 S 700 E - Apartments FOR SALE


Salt Lake City, UT 84102
$1,500,000 USD
801-577-2175
643-657 S 700 E, Salt Lake City, UT for Sale
$1,500,000 USD
Apartments - FOR SALE
1/13
null | 4.4% Cap Rate

643-657 S 700 E
Salt Lake City, UT 84102


OVERVIEW

Historic charm meets modern convenience in these fully updated Central City units. Unique property with two separate parcels comprise the five total rental units. The property is conveniently located across the street from the Trolley Square development, which is sure to add value to the neighborhood as the area expands. This rare opportunity provides a chance for a new investor or a seasoned multi-family buyer to acquire a building with very little maintenance or deferred maintenance. Completely renovated in 2018, this property has new plumbing, electrical, HVAC, windows, and appliances. You can pick up a gem in Central City without any of the headaches that dated systems and appliances bring. This property provides the future owner with attractive, high-end, practically new properties. These buildings offer unique character and charm, including exposed brick, high ceilings, and private porches.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

5

PRICE/UNIT

$300,000

CAP RATE

4.4%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1891

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RMF-30

APN/PARCEL ID

16-05-355-008-0000,16-05-355-009-0000

ASK ABOUT THIS PROPERTY

Jody JonesAlign Complete Real Estate ServicesMore Info
801-577-2175

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Jody JonesAlign Complete Real Estate ServicesMore Info
801-577-2175

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