Property
Beds
30
Full Baths
None
1/2 Baths
None
Year Built
1916
Sq.Footage
13,866
Spencer Court Apartments is a unique 22-unit multifamily community comprised of six smaller multi-family buildings nestled in one of Salt Lake City's most sought-after neighborhoods. The property boasts a proven operational history with strong rental performance and healthy NOI, currently offered at an attractive 6.3% in-place cap rate with compelling price-per-unit metrics. There is significant opportunity to improve asset quality, push rents, and drive meaningful appreciation. Do not disturb tenants. Buyer to obtain independent measurements and verify all information independently.
Features & Amenities
Interior
-
Total Bedrooms
30
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Stucco
-
Pool
No
-
View
Mountain(s)
Area & Lot
-
Lot Size(acres)
0.58
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$3,599,999
-
Tax Amount
$15,787
-
Zoning
SR-1A
-
Sq. Footage
13, 866
-
Price/SqFt
$259
HOA
-
Association
No
School District
-
Elementary School
Salt Lake
-
Middle School
Clayton
-
High School
West
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Salt Lake
Elementary School
Salt Lake
Middle School
Clayton
High School
West
Listing Courtesy of Porter Criddle , Investment Realty Advisors LLC
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President / Real Estate Advisor
Damon Luke
Call Damon today to schedule a private showing.
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