141 E 1st Ave - Apartments FOR SALE


Salt Lake City, UT 84103- Greater Avenues
$6,900,000 USD
801-747-9502
141 E 1st Ave, Salt Lake City, UT for Sale
$6,900,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

141 E 1st Ave
Salt Lake City, UT 84103
Greater Avenues


OVERVIEW

Located in the heart of downtown Salt Lake City's Avenues neighborhood, Castle Heights Apartments is one of the cities most iconic multifamily buildings. 32-units just steps from Temple Square, City Creek, dining, employment, and public transit. The property includes 27 one-bedroom units, 4 studios, and 1 two-bedroom. Some interior cosmetic upgrades were completed in 2021, including new cabinets, countertops, and stainless steel appliance, but more work remains. Offered at $215,625 per unit, this is a compelling value-add opportunity in a premier, walkable downtown location with strong long-term upside.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

32

PRICE/UNIT

$215,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Castle Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1930

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

RMF-75

APN/PARCEL ID

09-31-379-018-0000

ASK ABOUT THIS PROPERTY

Porter CriddleInvestment Realty AdvisorsMore Info
801-747-9502

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Porter CriddleInvestment Realty AdvisorsMore Info
801-747-9502

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