$2,300,000

1162 E 400 S, Salt Lake City, UT 84102

  • 16 beds |
  • 8 baths |
  • 9,563 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $241/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.

Listing Status:
Active
Date Added:
March 21, 2025 at 06:00AM
Listing Office:
Investment Realty Advisors LLC : 435-485-7070
Listing Agent:
Joseph Mills : 435-485-7070
MLS ID:
2071896
  • General: DisposalRange/Oven: Free Stdng.
  • Flooring: CarpetLaminateVinyl
  • Heating: Gas: Central
  • Style: Stories: 3
  • Parking: CoveredParking spaces: 12
  • Roofing: Membrane
  • Windows: Blinds
  • General: Blt./Standing
  • Originating MLS: UtahRealEstate.com
  • School District: Salt Lake
  • County: Salt Lake
  • Topography: SidewalksSprinkler: Auto-FullTerrainFlatView: Mountain
  • Landscaping: Landscaping: Full
  • Zoning: Multi-Family16-05-408-055
  • View: Mountain(s)View
  • Current Use: Residential
  • Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedWater Connected
  • Sewer: Sewer: Connected
  • Source: UtahRealEstate.com

This listing courtesy of Joseph Mills, Investment Realty Advisors LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

M

M. Lynn Bennion School

429 S 800 E, Salt Lake City, UT, 84102

Grades PK-6

0.52 miles away

S

Salt Lake Center for Science Education Bryant

40 S 800 E, Salt Lake City, UT, 84102

Grades 7-8

0.83 miles away

E

East High School

840 S 1300 E, Salt Lake City, UT, 84102

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.