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Listed price in listed location currency (USD).
$2,300,000

16812

MLS® 2071896

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 9563 sqft
Garage Yes
Taxes $11,645
Days Active 261
Lot Size 0.27 acres
Approx. Age 1973
Avg. Price Per Sqft $240
MLS® Number 2071896

Property Address: 1162 E 400 S, Salt Lake City, UT, 84102-3129

Average square foot calculated using Size range provided by listing agent.

Description

**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1, 100 sq. Ft. Layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19, 200/mo x 12 = $230, 400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.
MLS® Number2071896
Laundry Level
Central VacNo
FireplaceNo
Acreage0.27
Exterior
GarageYes
Approx. Age1973
Basement
DrivewayCovered
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Microwave, Range, Refrigerator

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 21, 2025List Date
$2,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
1162 E 400 S, Salt Lake City, UT

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