1162 E 400 S Active Save Request In-Person Tour Request Virtual Tour
Salt Lake City,UT 84102
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,563 sqft
Price per Sqft $282
Subdivision Plat F
MLS Listing ID 2071896
Style Stories: 3
Bedrooms 16
Year Built 1973
Annual Tax Amount $11,645
Lot Size 0.270 Acres
Property Sub-Type > 4 Units
Property Description
Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Multi-Family
Interior
Heating Gas: Central
Flooring Carpet,Laminate,Vinyl
Inclusions Microwave, Range, Refrigerator
Exterior
Garage Spaces 2.0
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Membrane
Building
Lot Description Sidewalks,Sprinkler: Auto-Full,View: Mountain
Sewer Sewer: Connected
Structure Type Brick
New Construction No
Schools
Elementary Schools Bennion (M Lynn)
Middle Schools Bryant
High Schools East
School District Salt Lake
Others
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange