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Parkway Apartments 2519 S 300 E 18 Unit Apartment Building $3,800,000 ($211,111/Unit) South Salt Lake, UT 84115
Executive Summary
18 Plex located in lower Sugarhouse. Rarely available, professionally maintained apartment complex with covered off street parking. Units are all updated and landscaping is professionally maintained. Full brick surround building with solid construction.
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- Operating and Financials
Property Facts Under Contract
| Price | $3,800,000 | Building Class | C |
| Price Per Unit | $211,111 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 12,312 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.78/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1, South Salt Lake - Residential Multifamily | ||
| Price | $3,800,000 |
| Price Per Unit | $211,111 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 12,312 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | R1, South Salt Lake - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 600 |
| 2+1 | 5 | - | 900 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-19-331-003-0000 | Improvements Assessment | $2,153,000 |
| Land Assessment | $1,078,800 | Total Assessment | $3,231,800 |
Property Taxes
Parcel Number
16-19-331-003-0000
Land Assessment
$1,078,800
Improvements Assessment
$2,153,000
Total Assessment
$3,231,800
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Parkway Apartments | 2519 S 300 E
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