- Prime Location Near Downtown Salt Lake City
- Extensive Recent Renovations
- In-Place Amenities & Value-Add Potential
- Attractive Assumable Debt
Prime Location Near Downtown Salt Lake City
This recently renovated 5-unit asset is ideally situated near downtown Salt Lake City and the highly sought-after 9th and 9th neighborhood—a vibrant area known for its walkability, trendy shops, and appeal to young professionals. With proximity to the University of Utah, major retailers like Whole Foods, Trader Joe’s, Starbucks, and Lululemon, and the popular Trolley Square shopping mall, this property benefits from strong tenant demand and long-term appreciation potential.
Extensive Recent Renovations
The property has undergone significant capital improvements, reducing future maintenance costs and positioning it as a turnkey investment. Recent upgrades include:
- New windows throughout the property
- New roof with a 10-year warranty
- All-new HVAC (AC and furnace) under warranty
- Upgraded electrical with permitted improvements for modern efficiency
- Remodeled bathrooms and new kitchen appliances
- New flooring throughout
- Plumbing upgrades with significant replacements
- Repaired sprinkler system and exterior lighting enhancements
In-Place Amenities & Value-Add Potential
The property offers shared laundry facilities, covered parking, ample off-street parking, a common patio area, and Google Fiber for high-speed internet access. Additionally, there are opportunities to generate additional income, including monetizing parking, which is currently included in rent; utilizing basement space for storage units; and installing coin-operated laundry for additional revenue.
