324 E 2nd Ave - Apartments FOR SALE


Salt Lake City, UT 84103- Greater Avenues
$2,650,000 USD
801-736-2632
324 E 2nd Ave, Salt Lake City, UT for Sale
$2,650,000 USD
Apartments - FOR SALE
1/14
null | 5.83% Cap Rate

324 E 2nd Ave
Salt Lake City, UT 84103
Greater Avenues


HIGHLIGHTS

  • Excellent Location: 2nd Avenue benefits from strong demand due to it's close proximity to major employment, entertainment, and recreational centers
  • Recently Renovated: Exterior and interior renovations, including in-unit washers and dryers, provide a turn-key opportunity for a new owner
  • Other Income Potential: Potential to introduce RUBS, parking, and storage fees to further increase income

OVERVIEW

Marcus & Millichap is pleased to announce the exclusive listing of 2nd Avenue Apartments. Located in the growing Salt Lake market, this opportunity offers a stabilized investment in an excellent location that benefits from. 2nd Avenue benefits from its proximity to downtown, I-15, and I-80. Salt Lake is the state's largest business center and offers various economic and recreational appeals. Large companies and schools nearby such as Goldman Sach's, Zion's Bank, the University of Utah, and Westminster University, add to the strong and growing local economy. Disclaimer: Interior Images Include Virtual Staging

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

11

PRICE/UNIT

$240,909

CAP RATE

5.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,698 SF

ZONING

RMF-35

APN/PARCEL ID

09-31-455-009-0000

ASK ABOUT THIS PROPERTY

Evan ClarkMarcus & MillichapMore Info
801-736-2632

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Evan ClarkMarcus & MillichapMore Info
801-736-2632

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