501 E 2700 S - Apartments FOR SALE


Salt Lake City, UT 84106- Sugar House
$5,899,000 USD
801-557-5627
501 E 2700 S, Salt Lake City, UT for Sale
$5,899,000 USD
Apartments - FOR SALE
1/9
null | 6.41% Cap Rate

501 E 2700 S
Salt Lake City, UT 84106
Sugar House


HIGHLIGHTS

  • Luxury finishes and high-quality construction.
  • Thriving Sugar House Area.

OVERVIEW

Luxury finishes and high-qualityThe Harvey presents a rare opportunity to acquire 12 units in a newly built, Class A 1-unit multi-family asset in the thriving Sugar House submarket of Salt Lake City. Luxury finishes and high-quality construction. Unit Mix: 5 Brownstone Units w/ separate walk-out basement 4 Penthouse condos (ADA adaptive) 3 Garden-style townhomes 12 covered carport spaces, dedicated bike parking, elevator, interior mail delivery, All-electric building, gypcrete sound insulation, zoned mini-split HVAC, fire sprinklers, Panasonic WhisperGreen ventilation, Google Fiber, skylights for natural light, Modern systems and energy-efficient design reduce near-term maintenance and operating costs. Situated in Sugar House, one of Salt Lake City's strongest rental and owner-occupant markets with robust demand and low vacancy. All condos/townhomes are separately parceled. There is currently a commercial condo available for purchase in addition to the 12 residential units, the commercial space is not included in the multi-unit sale and is platted as a separate parcel.

FOR SALE DETAILS

PRICE

$5,899,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

12

PRICE/UNIT

$491,583

CAP RATE

6.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Harvey Condominium's

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CN

APN/PARCEL ID

16-19-476-059-0000,16-19-476-060-0000,16-19-476-061-0000

ASK ABOUT THIS PROPERTY

Cherie MajorWindermereMore Info
801-557-5627

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Cherie MajorWindermereMore Info
801-557-5627

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