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2689 S 500 E 12 Unit Apartment Building $6,750,000 ($562,500/Unit) Salt Lake City, UT 84106
Investment Highlights
- Luxury finishes and high-quality construction.
- Thriving Sugar House Area.
Executive Summary
Luxury finishes and high-quality construction. Thriving Sugar House Area.
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Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$424,800
|
$9.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$424,800
|
$9.40
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $424,800 |
| Annual Per SF | $9.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $424,800 |
| Annual Per SF | $9.40 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $6,750,000 | Building Class | B |
| Price Per Unit | $562,500 | Lot Size | 0.41 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 12 | Building Size | 45,186 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low-Rise | Parking Ratio | 0.27/1,000 SF |
| Zoning | CN - CN Zoning | ||
| Price | $6,750,000 |
| Price Per Unit | $562,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.41 AC |
| Construction Status | Under Construction |
| Building Size | 45,186 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 0.27/1,000 SF |
| Zoning | CN - CN Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Double Pane Windows
- Freezer
- Island Kitchen
- Patio
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- On-Site Retail
- Wi-Fi
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 3 | $2,900 | 1,148 - 1,196 |
| 3+3.5 | 5 | $3,500 | 1,677 - 1,713 |
| 2+1 | 2 | $2,500 | 888 - 891 |
| 1+1 | 2 | $2,100 | 662 - 702 |
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Bike Score®
Very Bikeable (72)
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2689 S 500 E
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