400 700 S - Multi-Family FOR SALE


Salt Lake City, UT 84111- Central Salt Lake City
$4,249,000 USD
208-989-8126
400 700 S, Salt Lake City, UT for Sale
$4,249,000 USD
Multi-Family - FOR SALE
1/24
null | 5.43% Cap Rate

400 700 S
Salt Lake City, UT 84111
Central Salt Lake City


HIGHLIGHTS

  • Central City Location — Strategic Midpoint Between Downtown SLC and the University of Utah
  • Ideal Tenant Profile — Young, Educated, Renter-Heavy 84111 Zip Code
  • 2022 Renovation Program — Reduced Near-Term Capex Risk
  • Durable Commercial Anchor — Existing Lease Providing Predictable Income
  • Portfolio Scale with Management Efficiency — 11 Residential Units Plus One Commercial Tenant
  • Residential Amenities and Urban Walkability Supporting Tenant Retention

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire 700 E 400 S, a cohesive, income-producing portfolio in Salt Lake City's Central City neighborhood comprised of 11 residential units (5 duplexes + 1 SFR) and one commercial/retail building. Occupying a combined 0.57-acre site zoned RMF-35, the portfolio sits at a strategic midpoint between Downtown Salt Lake City and the University of Utah campus — placing it directly in the path of the city's strongest rental demand drivers. The residential units benefitted from a meaningful 2022 renovation program addressing kitchens, baths, roofs, siding, and windows, materially reducing near-term deferred maintenance risk. The combination of residential scale, long-term commercial tenancy, and meaningful land position makes this a uniquely compelling asset for the right investor.

FOR SALE DETAILS

PRICE

$4,249,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

12

PRICE/UNIT

$354,083

CAP RATE

5.43%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

RMF-35

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

208-989-8126

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208-989-8126

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