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33 Views 2780 E 3300 S 10 Unit Apartment Building $4,250,000 ($425,000/Unit) 4.38% Cap Rate Salt Lake City, UT 84109

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EXECUTIVE SUMMARY

Fantastic newer 10 Plex in Millcreek. Built in 2021. Low Maintenance. High end finishes, Quartz counters, LVP, Central AC, Roller Shades, W/D in each apartment. Electronic FOB/app access and keypad doorlocks. 2 Commercial office spaces on the main floor, 8 Residential Apartments. Two 2 Bedroom 2 Bath units; Four 2 Bedroom Plus Office and 2 Bath units; Two 3 Bedroom 2 Bath Units. Heated Driveway. 23 Parking Stalls (Tandem). Seller Finance avail w 20% down at 6% up to 24 months. Owner/Agent

DATA ROOM Click Here to Access

PROPERTY FACTS Under Contract

Price $4,250,000
Price Per Unit $425,000
Sale Type Investment
Cap Rate 4.38%
Gross Rent Multiplier 16.9
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Lot Size 0.28 AC
Building Size 20,000 SF
Average Occupancy 95%
No. Stories 3
Year Built 2021
Zoning R-M

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Heating
  • Kitchen
  • Vaulted Ceiling
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Carpet
  • Double Pane Windows
  • Island Kitchen
  • Vinyl Flooring
  • Window Coverings
  • Quartz Countertops

SITE AMENITIES

  • Elevator
  • Fiber Optic Internet

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 6 $2,550 1,159 - 1,350
3+2 2 $2,650 1,450

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-26-351-046-0000
Land Assessment
$338,690
Improvements Assessment
$2,868,190
Total Assessment
$3,206,880
  • Listing ID: 35722872

  • Date on Market: 5/2/2025

  • Last Updated:

  • Address: 2780 E 3300 S, Salt Lake City, UT 84109

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