226 N Spencer Ct - Apartments FOR SALE


Salt Lake City, UT 84103- Greater Avenues
$3,599,999 USD
801-747-9502
226 N Spencer Ct, Salt Lake City, UT for Sale
$3,599,999 USD
Apartments - FOR SALE
1/11
null | 6.31% Cap Rate

226 N Spencer Ct
Salt Lake City, UT 84103
Greater Avenues


OVERVIEW

Spencer Court Apartments is a unique 22-unit multifamily community comprised of six smaller multi-family buildings nestled in one of Salt Lake City's most sought-after neighborhoods. The property boasts a proven operational history with strong rental performance and healthy NOI, currently offered at an attractive 6.3% in-place cap rate with compelling price-per-unit metrics. There is significant opportunity to improve asset quality, push rents, and drive meaningful appreciation. Do not disturb tenants. Buyer to obtain independent measurements and verify all information independently.

FOR SALE DETAILS

PRICE

$3,599,999 USD

PRICE/SF

$159 USD /SF

# OF UNITS

22

PRICE/UNIT

$163,636

CAP RATE

6.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

SR-1A

APN/PARCEL ID

09-31-333-001-0000,09-31-333-007-0000,09-31-333-008-0000

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.