240 N Spencer Ct - Apartments FOR SALE


Salt Lake City, UT 84103- Greater Avenues
$3,700,000 USD
801-971-2542
240 N Spencer Ct, Salt Lake City, UT for Sale
$3,700,000 USD
Apartments - FOR SALE
1/14
null | 6.29% Cap Rate

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


HIGHLIGHTS

  • 22 Units
  • Walking Distance to City Creek Center
  • 100% Occupied
  • Value Add Opportunity

OVERVIEW

Price Improvement! Value add opportunity for a multi-family property located in one of the best areas of Salt Lake City. Spencer Court Apartments was originally built in the early 20th century and consists of six charming multi-unit buildings to make up the 22 units. Each building is unique and offers a variety of layouts and options for tenants. Property is 100% occupied. Measurements are given as a courtesy only. Buyer is advised to obtain an independent measurement.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

22

PRICE/UNIT

$168,182

CAP RATE

6.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spencer Court Apartments

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

Joseph MillsInvestment Realty AdvisorsMore Info
801-971-2542

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Joseph MillsInvestment Realty AdvisorsMore Info
801-971-2542

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