Multi-Family•Mid-Rise•For Sale

1134 Apartments

1134 E 500 S, Salt Lake City, Utah 84102-3872

Sale Price $1,425,000
Class C
Year Built 1971
Year Renovated 2019
Stories 3
Vacancy 100%
Gross Bldg 5,184 SqFt
RBA 5,184 SqFt
Land Area .16 Acres
Project Size 6
Pride of Ownership! Newly renovated luxury apartments within 2 blocks of U of U and right of trax line. New high end finishes, granite counter tops, tiled surrounds, stainless appliances, shaker cabinets, craftsman style doors, under mount sinks, moldings, flooring, windows, bathrooms & common areas. All new electric baseboard heaters with climate control. 6 Covered parking spaces with room for 1-2 more cars to park in the lot uncovered. Watch the video tour for full scope of location and remodel. This 6 plex is being sold on proforma expenses since it has been under renovations. All units are leased and rents on MLS are correct. The units currently leased at $1225/ should be able to be bumped up to $1350/mo similar to other units in the building. There is a common laundry on the lower level and common storage areas for the tenants on the middle and upper levels. Building is electric only with separate electric meters, one for each unit plus a 7th common meter. Tenants pay their own electric. Minimal water bill & landscaping expense. Agent is a principal in selling entity. Newly renovated luxury apartments within 2 blocks of U of U and right of trax line.
9/12/2019 4:07:41 PM 9/19/2019 6:35:52 PM

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