349 1st Ave | Salt Lake City, UT 84103
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- LoopNet Team
349 1st Ave
Salt Lake City, UT 84103
Downtown Commons I · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- 11-unit student housing apartment building located at 349 East 1st Avenue, Salt Lake City, Utah.
- Property will be sold vacant, offering flexibility for a range of future uses.
- This offering represents a compelling opportunity for investors seeking a bite-sized entry point into multifamily within a strong submarket.
- Previously operated as student housing for the University of Utah.
- DTC I features on-site laundry facilities, a community room, and is conveniently located less than three miles from the University of Utah.
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.58 AC |
| Property Type | Multifamily | Building Size | 12,150 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | Parking Ratio | 3.37/1,000 SF |
| Zoning | RMF-35 - Moderate Density Multi-Family Residential | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 12,150 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Parking Ratio | 3.37/1,000 SF |
| Zoning | RMF-35 - Moderate Density Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 971 |
| 3+1 | 6 | - | 1,284 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,384,400 | |
| Land Assessment | $637,800 | Total Assessment | $2,022,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$637,800
Improvements Assessment
$1,384,400
Total Assessment
$2,022,200
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