321 E 2100 S - Apartments FOR SALE


Salt Lake City, UT 84115- Liberty Wells
$2,750,000 USD
801-633-3994
321 E 2100 S, Salt Lake City, UT for Sale
$2,750,000 USD
Apartments - FOR SALE
1/37
null | 7.29% Cap Rate

321 E 2100 S
Salt Lake City, UT 84115
Liberty Wells


HIGHLIGHTS

  • This is a rear, 4-bedroom, 3 bath, very attractive housing project in Sugarhouse. located in one of the most desirable locations in SLC, Utah.

OVERVIEW

Five amazing, 4 bedroom townhomes in the lower Sugarhouse area. Quality construction with stone, Hardie and stucco exteriors. These units are extremely well priced. Total five unit package is only $2,750,000. Comparable rents are over $4000 per unit - $20,000 per month or $240,000 per year. These units are also Nightly Rental Approved, being in the CB (Commercial Business) Zone, which is the only zone in Salt Lake that allows for STR or Short Term Rentals. Pro forma annual gross rents from nightly rentals is $67,000. This area of Sugarhouse is going through a rebirth. New commercial shops, restaurants and housing is happening all along the 700 E to 300 W - 2100 South corridor. This area is only going to be more desirable each day. Large, two car garages, with main floor office space enhances the in home office experience

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

5

PRICE/UNIT

$550,000

CAP RATE

7.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sugarhouse Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,984 SF

ZONING

CB

APN/PARCEL ID

16-19-201-001-0000

ASK ABOUT THIS PROPERTY

Jay RiceJAR DevelopmentMore Info
801-633-3994

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

Jay RiceJAR DevelopmentMore Info
801-633-3994

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