49 S 400 E | Salt Lake City, UT 84111
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49 S 400 E
Salt Lake City, UT 84111
Stratton Apartments · Multifamily Property For Sale
·
31 Units
INVESTMENT HIGHLIGHTS
- Newly renovated, 100% occupied apartment asset in urban downtown location.
- Sufficient parking of over one space per unit for a total of 38 stalls -- a mix of 22 surface stalls and 16 garages.
- Strong area demographics feature a growing population of 205,439 with an average annual household income of $90,436.
- Property features over $2.2M in improvements ($72,000/Unit) including all new electrical, plumbing, and HVAC, with all units renovated identically.
- Located just east of the Central Business District with significant retail amenities including Harmon’s Grocery, City Creek Center, and more.
- Fee simple transaction delivered unencumbered of debt.
PROPERTY FACTS
| No. Units | 31 | Lot Size | 0.61 AC |
| Property Type | Multifamily | Building Size | 22,988 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 0.7/1,000 SF |
| Zoning | R-MU - Residential/Multi-Family | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 22,988 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | R-MU - Residential/Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
PROPERTY TAXES
| Parcel Number | 16-06-204-010-0000 | Improvements Assessment | $2,254,700 |
| Land Assessment | $4,668,200 | Total Assessment | $6,922,900 |
PROPERTY TAXES
Parcel Number
16-06-204-010-0000
Land Assessment
$4,668,200
Improvements Assessment
$2,254,700
Total Assessment
$6,922,900
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