Investment opportunity in Salt Lake City's highly desirable Avenues neighborhood. Located just minutes from Downtown Salt Lake City, the University of Utah, major hospitals, restaurants, and outdoor recreation, this five-unit property offers a rare chance to own multifamily real estate in a prime location. The property consists of five one-bedroom,… Read More one-bathroom units on a large lot with significant upside potential. While the building needs renovation, it presents an excellent opportunity for an investor looking to improve the property, increase rents, and add value over time. The Avenues continues to see strong rental demand thanks to its walkability, historic character, and close proximity to downtown and the University of Utah. The oversized lot may also offer future opportunities, subject to buyer verification. Whether you're looking for a value-add project, long-term investment, or redevelopment opportunity, this property offers a chance to invest in one of Salt Lake City's most established neighborhoods. Read Less
Courtesy of Casey Halliday, Windermere Real Estate 801-485-3151
Listing Snapshot
Days Online
1
Last Updated
Property Type
> 4 Units
Beds
5
Square Ft.
3,195
Lot Size
0.16 Acres
Year Built
1904
MLS Number
2168095
Additional Details
Garage
Open Parking YN: t, Open Parking Spaces: 10
Building
Architectural Style: Stories: 2, Building Area Total: 3195, Construction Materials: Brick, Concrete, Living Area: 3195, Living Area Units: Square Feet, Year Built: 1904
Property
Current Use: Residential, Direction Faces: South, Parcel Number: 09-31-480-014, Property Condition: Blt./Standing, Property Sub Type: > 4 Units, Property Type: Residential