127 W Mead Ave - Apartments FOR SALE


Salt Lake City, UT 84101- Central Salt Lake City
$1,245,000 USD
385-289-7021
127 W Mead Ave, Salt Lake City, UT for Sale
$1,245,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

127 W Mead Ave
Salt Lake City, UT 84101
Central Salt Lake City


HIGHLIGHTS

  • Underperforming Asset with Upside Potential
  • SLC Infill Site with Value-Add Upside
  • Redevelopment or Repositioning

OVERVIEW

127 W Mead Avenue presents an exciting opportunity to unlock significant upside in one of Salt Lake City’s growing submarkets. The property has been owned by the same family for over 20 years and has been well maintained, with a roof that has performed reliably. While current rents are below market, this creates a clear path for an investor or developer to implement a lease-up strategy, enhance management, and rapidly increase revenue. The site’s favorable zoning may also allow for the construction of up to 9 modern townhomes (buyer to confirm), offering a compelling redevelopment play in a neighborhood experiencing steady growth and revitalization.

FOR SALE DETAILS

PRICE

$1,245,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

8

PRICE/UNIT

$155,625

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Plex Studio Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

FB-UN1

APN/PARCEL ID

15-12-427-004-0000

ASK ABOUT THIS PROPERTY

Keltsey MillerApex Commercial - KW South Valley Keller WilliamsMore Info
385-289-7021

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Keltsey MillerApex Commercial - KW South Valley Keller WilliamsMore Info
385-289-7021

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