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    316 S Cheyenne St W

    Salt Lake City, UT 84104
    • $2,750,000
    • STATUS: Active Under Contract
    • ON SITE: 135 days
    • ID#: 1655648
    Under Contract
    UPDATED: 46 min ago
    $2,750,000
    • 40
      BEDS
    • 0.63
      ACRES
    • 20
      BATHS
    • 0
      1/2 BATHS
    • 13,920
      SQFT
    • $198
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:

    School Information

    Elementary School:
    Middle School:
    School District:

    Description

    Rare opportunity to purchase a 20 unit value add apartment building within a 5 minute drive of downtown Salt Lake City. Rents are extremely low for the area according to the rental comps. After a new owner finishes the value add/reposition the rents should be raised $300 per monthly. Which equals an additional $72,000 a year in income. Additionally, the tenants could be charged for sewer, water and garbage for added income. The units all have laundry hook ups. Located in a highly desirable location on a mature tree-lined street. The building has 31 parking spaces. The property is separately metered and is all electric. The tenants pay for their own heating and cooling of their apartments. All information herein is deemed reliable but not guaranteed. Buyer is responsible to verify all listing information including square footage and acreage. Location Description: There is a mixture of single family and multifamily in the neighborhood. The property is minutes away from shopping, schools, healthcare and all of Salt Lake's downtown Arts and Entertainment venues. Make offer subject to inspection. ( (DON'T TALK TO OR DISTURB TENANTS, THEY ARE UNAWARE OF THE SALE) )!!!

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-07-03T14:35:55.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.redsign.com/homes/103337496
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    316 S Cheyenne St W Salt Lake City, UT 84104

    • Price: $2,750,000
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: 1655648
    40
    Beds
    20
    Baths
    0
    ½ Baths
    0.63
    Acres
    13,920
    SQFT
    $198
    $/SQFT
    1984
    Built
    Neighborhood:
    Rosa Linda Apts
    County:
    Salt Lake
    Area:
    Salt Lake City; Rose Park
    Elementary School:
    Edison
    Middle School:
    Glendale
    School District:
    Salt Lake
    Property Description
    Rare opportunity to purchase a 20 unit value add apartment building within a 5 minute drive of downtown Salt Lake City. Rents are extremely low for the area according to the rental comps. After a new owner finishes the value add/reposition the rents should be raised $300 per monthly. Which equals an additional $72,000 a year in income. Additionally, the tenants could be charged for sewer, water and garbage for added income. The units all have laundry hook ups. Located in a highly desirable location on a mature tree-lined street. The building has 31 parking spaces. The property is separately metered and is all electric. The tenants pay for their own heating and cooling of their apartments. All information herein is deemed reliable but not guaranteed. Buyer is responsible to verify all listing information including square footage and acreage. Location Description: There is a mixture of single family and multifamily in the neighborhood. The property is minutes away from shopping, schools, healthcare and all of Salt Lake's downtown Arts and Entertainment venues. Make offer subject to inspection. ( (DON'T TALK TO OR DISTURB TENANTS, THEY ARE UNAWARE OF THE SALE) )!!!
    Exterior Features

    Exterior Building Materials Stucco Exterior Features Outdoor Lighting Garage Parking Features Parking: Uncovered Length In Feet Of Back Of Property 0.0 Length In Feet Of Front Of Property 0.0 Length In Feet Of Side Of Property 0.0 Lot Facts Corner LotCurb & GutterTerrain: Flat Parking Capacity 31 Roof Features Asphalt Shingles Style 2 - Story

    Interior Features

    Heating Features Electric Windows Blinds

    Property Features

    Accessibility Access To Elec. Outlets Additional Information Sep. Power Meters Amenities Electric Dryer HookupLaundry: HookupsWorkshop Community Pool No Hoa No Hoa Fee 0 Inclusions RangeRefrigerator Multifamily Property Type > 4 Units Owner Type Property Owner Pool No Possession Recording Spa No Taxes 11175 Terms CashCommercial Fin. Req.Conventional Utilities Power: ConnectedSewer: ConnectedWater: Connected Water Culinary Water Shares 0.00 Yearly Occupancy 100

    Listing provided courtesy of The Tollstrup Group. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-07-03T14:35:55.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
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