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412-416 Scott Avenue 3 Multifamily Properties Offered at $2,200,000 in South Salt Lake, UT
INVESTMENT HIGHLIGHTS
- Recent capital improvements: new roofs, renovations, upgraded finishes
- Low-density design with large floor plans and green space
- Potential new income streams via RUBS or land utilization
- Strong rent growth: current average $2,189 with further upside
- Attached garages for townhome units
- Prime location in a high-demand Salt Lake City rental market
EXECUTIVE SUMMARY
416 Scott Avenue presents a rare chance to acquire a well-maintained, low-density multifamily asset with oversized units and clear upside potential. This six-unit property offers a unique mix of renovated homes and large townhome-style duplexes.
This property combines stability, growth, and upside potential in one of the most dynamic multifamily markets in the country. With recent improvements, rising rents, and multiple value-add strategies available, 416 Scott Avenue is an exceptional acquisition opportunity for both private and institutional investors.
This property combines stability, growth, and upside potential in one of the most dynamic multifamily markets in the country. With recent improvements, rising rents, and multiple value-add strategies available, 416 Scott Avenue is an exceptional acquisition opportunity for both private and institutional investors.
PROPERTY FACTS
| Price | $2,200,000 | Number of Properties | 3 |
| Price / SF | $253.95 / SF | Individually For Sale | 0 |
| Cap Rate | 5.58% | Total Building Size | 8,663 SF |
| Sale Type | Investment | Total Land Area | 0.63 AC |
| Status | Active |
| Price | $2,200,000 |
| Price / SF | $253.95 / SF |
| Cap Rate | 5.58% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 8,663 SF |
| Total Land Area | 0.63 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 414 Scott Avenue ave, South Salt Lake, UT 84115 | Multifamily | 3,092 SF | 1998 | - |
| 412 Scott ave, South Salt Lake, UT 84115 | Multifamily | 3,092 SF | 1996 | - |
| 416 E Scott Ave, South Salt Lake, UT 84115 | Multifamily | 2,479 SF | 1958 | - |
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412-416 Scott Avenue
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