425 S 900 E - Apartments FOR SALE


Salt Lake City, UT 84102- East Central
$4,450,000 USD
801-747-9502
425 S 900 E, Salt Lake City, UT for Sale
$4,450,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

425 S 900 E
Salt Lake City, UT 84102
East Central


OVERVIEW

Well-located 15-unit apartment building in the heart of Salt Lake City, just minutes from the University of Utah. The property features a highly desirable unit mix of twelve 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all offering spacious, functional layouts that appeal to both student and professional tenants. The property was comprehensively renovated in 2022 by current ownership, with upgrades including modern cabinetry, countertops, flooring, paint, appliances, and HVAC systems. Units offer a clean, updated feel while maintaining a level of character that fits the surrounding neighborhood. Benefiting from its proximity to the University, hospital systems, and downtown, the property has consistently attracted strong tenant demand. This is an excellent opportunity to acquire a renovated, well-positioned asset in one of Salt Lake City's most reliable rental corridors.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

15

PRICE/UNIT

$296,667

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RMF-35

APN/PARCEL ID

16-05-332-024-0000

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.