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218 E Edith Ave
Salt Lake City, UT 84111
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,304 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2.26/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | CN | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,304 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | CN |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Range
- Tub/Shower
- Carpet
- Window Coverings
ABOUT 218 E EDITH AVE , SALT LAKE CITY, UT 84111
Make Offers Subject to Inspection. Yes, the list price increased. A lot of improvements have been done to the property over the past 6 months and NOI increased. Over $42K of improvements to the property over the past 18 months. Seller is open to an $18,200 credit towards updating flooring in units 1,2, & 4, upgrading electrical panels in 7 remaining units (as desired), installing 220 outlets in utility rooms, and to install baseboard heat in the 3 remaining lower units still containing furnaces to open up for stack-able washer and dryer area. Owner/Agent, Tenants unaware of sale **do not disturb tenants** Rare opportunity on this awesome East Salt Lake 8-plex on residential street. Close to downtown, shopping, transit, freeways, and more. All units separately metered. 16 bedrooms 8 bathrooms. Units 5 & 6 just remodeled. New counters in units 5 and 6 New cabinets in units 5 and 6 New paint in units 5 and 6 Tile backsplash in units 5 and 6 New flooring in units 5 and 6 New flooring in units 2 and 7 New appliances in units 5 and 6 (stainless steel) Upgrade electrical panel in Unit 5 Install basebaord head in Unit 5 New water heater in Unit 6 Painted exterior railings Installed dryer vents with permits in each unit utility room Installed plants in park strip and ran parking to it. Property website http://properties.iraut.com/432166-sale
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $912.50 | 663 |
PROPERTY TAXES
| Parcel Number | 16-07-378-036-0000 | Improvements Assessment | $1,165,600 |
| Land Assessment | $500,100 | Total Assessment | $1,665,700 |
PROPERTY TAXES
