309 E 4500 S
Salt Lake City, UT 84107
Cottonwood Creek Estates · Multifamily Property For Sale
·
36 Units
Investment Highlights
- Value-add Opportunity
- Excellent Drive-by Window
- 10 minutes from Downtown Salt Lake
- Major CapEx Items Completed
Property Facts
| No. Units | 36 | Building Size | 32,679 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Lot Size | 1.35 AC | ||
| Zoning | RM20 - Multifamily | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 32,679 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | RM20 - Multifamily |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
About 309 E 4500 S , SALT LAKE CITY, UT 84107
Cottonwood Creek Estates is a rare value-add multifamily opportunity in the heart of the Salt Lake Valley. The property consists of 36 units located approximately 10 minutes south of Downtown Salt Lake City. Cottonwood Creek Estates was built in 1972 and is a beautiful asset—three-stories with brick exterior with mature landscaping and natural beauty of the property's namesake, Cottonwood Creek, which runs behind the property on the north side. Cottonwood Creek Estates also enjoys an excellent drive-by window on 45000 South and is minutes from I-15, TRAX, major shopping, dining, and job centers. Major CapEx items have been completed including a new rubber membrane roof, installation of carports for 36 parking spots, painting, tree trimming, improved landscaping, and more. 2 of the 36 units have been renovated with updated appliances, hard surface counter tops, new cabinet fronts, fireplace mantle, wood paneling removed and center island in the living/dining room removed. The remaining 34 units have had a very light update, including painted cabinets, resurfaced counter tops, and updated flooring. There are 13 units with washer/dryer hookups. 12 of those units have appliances included. The remaining 23 units can be updated to have washer/dryer hookups and appliances.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 |
| 2+1 | 24 | - | 850 - 900 |
Property Taxes
| Parcel Number | 22-06-329-001-0000 | Improvements Assessment | $3,211,400 |
| Land Assessment | $1,084,600 | Total Assessment | $4,296,000 |
Property Taxes
