131 S McClelland St - Apartments FOR SALE


Salt Lake City, UT 84102- East Central
$1,200,000 USD
801-303-5555
131 S McClelland St, Salt Lake City, UT for Sale
$1,200,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

131 S McClelland St
Salt Lake City, UT 84102
East Central


HIGHLIGHTS

  • Attractive Small-Scale Value-Add with Clear Rent Upside
  • Prime East Central Location Near University of Utah and Transit
  • Operational and Physical Upside with Limited Capital Requirements

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the McClelland Street Apartments (the “Property”), a 5-unit apartment community located in the vibrant East Central neighborhood of Salt Lake City, Utah. Originally constructed in 1948 on a 0.13-acre site, the Property is a well-maintained brick walk-up building that offers classic appeal and strong value-add potential. The community features thoughtfully designed layouts with durable finishes and recent improvements, while maintaining opportunities for modernization and operational enhancements. This Property represents a rare chance to acquire a well-located property with multiple paths for physical and income growth in one of the mountain west’s most desirable cities.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McClelland Street Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R-MU

APN/PARCEL ID

16-05-206-004-0000

ASK ABOUT THIS PROPERTY

Kip PaulCushman & WakefieldMore Info
801-303-5555

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Kip PaulCushman & WakefieldMore Info
801-303-5555

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