43 S 400 - Apartments FOR SALE


Salt Lake City, UT 84111- Central Salt Lake City
$2,459,000 USD
801-303-5569
43 S 400, Salt Lake City, UT for Sale
$2,459,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

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


HIGHLIGHTS

  • Flexible Upside with Conversion Potential
  • Prime Urban Location with Historic Charm
  • Salt Lake City: A High-Growth, Resilient Market

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Downtown Commons II (“DTC II” or the “Property”), a 16-unit student housing apartment building located at 43 South 400 East, Salt Lake City, Utah. The Property includes a shared common area that can be easily converted into an additional unit, increasing the total potential unit count to 17. Previously operated as student housing for the University of Utah, the Property will be sold vacant, offering flexibility for a range of future uses. These include conversion to traditional multifamily housing or continued use as student housing. DTC II features on-site laundry facilities, a community room, and is conveniently located less than three miles from the University of Utah. This offering represents a compelling opportunity for investors seeking a bite-sized entry point into multifamily within a strong submarket in Salt Lake City’s growing urban core.

FOR SALE DETAILS

PRICE

$2,459,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

16

PRICE/UNIT

$153,688

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Commons II

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

RMF-35

APN/PARCEL ID

16-06-204-027-0000

ASK ABOUT THIS PROPERTY

JT ReddCushman & WakefieldMore Info
801-303-5569

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JT ReddCushman & WakefieldMore Info
801-303-5569

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