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Richmond Place Apartments 1272 E Hudson Ave 16 Unit Apartment Building For Sale Salt Lake City, UT 84106
INVESTMENT HIGHLIGHTS
- 100% Occupied
- Spacious kitchen with stainless-steel and quartz countertops
- Controlled building access
- Close to Harmon's and Whole Foods
- Carpeted hallways
EXECUTIVE SUMMARY
Berkadia Salt Lake City Investment Sales is pleased to present Richmond Place Apartments, a rare investment opportunity located near Sugar House, Utah. This premier east side property features 16 units, including 6 one-bedroom, one-bathroom homes and 10 two-bedroom, two-bathroom homes, with sizes ranging from 471 to 696 square feet. These well-designed apartments boast stainless-steel appliances and quartz countertops, with select units offering a private garage or balcony. This is an exceptional chance to invest in a sought-after location with high-quality amenities.
Can be purchased with the neighboring Richmond Place Townhomes.
Can be purchased with the neighboring Richmond Place Townhomes.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$305,580
|
$31.23
|
| Other Income |
$38,383
|
$3.92
|
| Vacancy Loss |
$15,281
|
$1.56
|
| Effective Gross Income |
$328,682
|
$33.59
|
| Taxes |
$25,434
|
$2.60
|
| Operating Expenses |
$55,995
|
$5.72
|
| Total Expenses |
$81,429
|
$8.32
|
| Net Operating Income |
$247,253
|
$25.27
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $305,580 |
| Annual Per SF | $31.23 |
| Other Income | |
|---|---|
| Annual | $38,383 |
| Annual Per SF | $3.92 |
| Vacancy Loss | |
|---|---|
| Annual | $15,281 |
| Annual Per SF | $1.56 |
| Effective Gross Income | |
|---|---|
| Annual | $328,682 |
| Annual Per SF | $33.59 |
| Taxes | |
|---|---|
| Annual | $25,434 |
| Annual Per SF | $2.60 |
| Operating Expenses | |
|---|---|
| Annual | $55,995 |
| Annual Per SF | $5.72 |
| Total Expenses | |
|---|---|
| Annual | $81,429 |
| Annual Per SF | $8.32 |
| Net Operating Income | |
|---|---|
| Annual | $247,253 |
| Annual Per SF | $25.27 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.19 AC |
| No. Units | 16 | Building Size | 9,786 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2021 |
| Zoning | CB | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.19 AC |
| Building Size | 9,786 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | CB |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- High Speed Internet Access
- Stainless Steel Appliances
- Carpet
- Double Pane Windows
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,483 | 471 - 2,826 |
| 2+2 | 10 | $1,825 | 696 - 6,960 |
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 16-29-280-035-0000 | Total Assessment | $5,004,700 |
| Land Assessment | $630,300 | Annual Taxes | $25,434 ($2.60/SF) |
| Improvements Assessment | $4,374,400 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
16-29-280-035-0000
Land Assessment
$630,300
Improvements Assessment
$4,374,400
Total Assessment
$5,004,700
Annual Taxes
$25,434 ($2.60/SF)
Tax Year
2025
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Richmond Place Apartments | 1272 E Hudson Ave
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