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1127 E South Temple 9 Unit Apartment Building $2,750,000 ($305,556/Unit) Salt Lake City, UT 84102
EXECUTIVE SUMMARY
Located on historic South Temple in the Avenues of Salt Lake City, this beautifully renovated Tudor-style 8-plex offers a rare blend of old-world charm and modern luxury. Fully remodeled in 2022, each unit boasts tall ceilings, beautiful stained glass windows, unique layouts, and stunning historic character. Updates include all new paint, new cabinets, stylish tile backsplashes, fully remodeled bathrooms, brand-new electrical and plumbing for the entire building, as well as high-efficiency mini-splits in every unit. In addition to the 8 units, there is an independent studio on the 3rd floor that could be converted into another unit or rented out separately as an art studio or equivalent. There is also space in the basement to potentially add an additional second unit, totaling up to 10 units. Buyer to verify all. This turnkey property is an incredible investment opportunity in a prime location, just minutes from downtown and Universities. Owner/Agent.
PROPERTY FACTS
| Price | $2,750,000 | Building Class | C |
| Price Per Unit | $305,556 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 7,607 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMF-35 - Multi-Family Residential | ||
| Price | $2,750,000 |
| Price Per Unit | $305,556 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,607 SF |
| No. Stories | 3 |
| Year Built | 1906 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | RMF-35 - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,000 | 435 |
| 1+1 | 7 | $1,428 | 507 - 677 |
| 2+1 | 1 | $1,880 | 920 |
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Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 09-32-459-015-0000 | Improvements Assessment | $1,232,500 |
| Land Assessment | $1,162,000 | Total Assessment | $2,394,500 |
PROPERTY TAXES
Parcel Number
09-32-459-015-0000
Land Assessment
$1,162,000
Improvements Assessment
$1,232,500
Total Assessment
$2,394,500
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1127 E South Temple
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