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778 N 300 W
Salt Lake City, UT 84103 Capitol Hill

$5,750,000 USD

Apartments For Sale • 16,800 SF

Property Details

Property Type Apartments
Total Building Size 16,800 SF
Lot Size 0.57 AC
Building Class C
Year Built 1965
Cap Rate 5.17 %
Zoning RMF-35

42 Transit Score

59 Walk Score

                
                    Highlights
                
                                Well-Maintained and Managed: Property has been managed very professionally by current owner with all major capital expenditures being kept up to date.
                            
                                Proximity to Amenities and Institutions: Located in Marmalade. Ease of access to downtown and the freeway.
                            
                                Value-Add Opportunity: Approximately $200 per unit rent premiums by implementing light interior renovations. Other Income can be increased as well.
                            
                                Opportunity to Purchase More Units: There are more units that can be purchased in addition to this property if an investor needs to acquire more doors

Cap Rate:

5.17 %

Amenities

24 Hour Access
Tenant Controlled HVAC
Washer/Dryer
Heating
Smoke Free
Kitchen
Refrigerator
Range
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	3 min	13 min	0.7 mi
	4 min	-	1.3 mi
Airport	Drive	Walk	Distance
Salt Lake City International	12 min	-	7.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes

Derek Kofoed 509-793-5506 Newmark Grubb ACRES

778 N 300 W Salt Lake City, UT 84103 Capitol Hill