157 S 800 E 5,989 SF Specialty Building Offered at $975,000 at a 7.17% Cap Rate in Salt Lake City, UT 84102

This versatile multi-unit property offers an outstanding investment opportunity with strong potential for both immediate use and future redevelopment. Originally constructed as an elderly care facility, the building is equipped with an overhead fire sprinkler system that remains in place, enhancing safety compliance and operational flexibility.
The property is currently licensed and operating as a single-room boarding home with multiple tenants. The main level features one two-bedroom apartment and one one-bedroom apartment, each equipped with full kitchens. The two-bedroom unit includes a three-quarter bath, while the one-bedroom unit offers a full bath. Additional accommodations include an extra one-bedroom with a half bath, and seven rooms sharing two common baths. The upper level provides two shared full bathrooms and a common kitchen area, ideal for collective living environments.
Functional enhancements include a newer, high-efficiency boiler system and a roof that is in excellent condition. This property is well-positioned for continued boarding home use or for conversion into alternative housing concepts such as an Airbnb, hostel, group home, or apartment-style residences.