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1162 E 400 S 8 Unit Apartment Building $2,300,000 ($287,500/Unit) Salt Lake City, UT 84102
EXECUTIVE SUMMARY
**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 walking distance to the University of Utah, 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. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent. Please reach out to Porter 801-694-5291 with any questions and/or appointments to view the property.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $287,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Sale Condition | 1031 Exchange | Building Size | 9,563 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | 1205 | ||
| Price | $2,300,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 9,563 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | 1205 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,700 | 1,100 |
1 1
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 16-05-408-055-0000 | Total Assessment | $2,393,500 |
| Land Assessment | $532,400 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,861,100 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
16-05-408-055-0000
Land Assessment
$532,400
Improvements Assessment
$1,861,100
Total Assessment
$2,393,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1162 E 400 S
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