679 E 2ND AVE N, Salt Lake City, UT 84103
679 E 2ND AVE N, Salt Lake City, UT 84103
679 E 2ND AVE N, Salt Lake City, UT 84103
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The Perry Group

The Perry Group

+1(801) 871-5259
$1,587,000
Est. payment /mo
11 Beds
10 Baths
5,287 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,287 sqft

Price per Sqft $300

MLS Listing ID 2143287

Style Stories: 3

Bedrooms 11

Construction Status Blt./Standing

HOA Y/N No

Year Built 1917

Annual Tax Amount $6,132

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

Development Opportunity: The property consists of two tax parcels totaling approximately 8,973 square feet. Historic City records indicate the parcels have functioned together to support the existing multifamily use for decades. While no representations are made regarding future development rights, investors and developers may find value in exploring redevelopment, adaptive reuse, additional housing opportunities, and other entitlement strategies subject to Salt Lake City approval. TURN-KEY investment property in the Avenues! Easy to lease and easy to manage. Scheduled annual rent and tenant paid utility income totals $109,320.00. Tenant's cover ALL utilities. Eight units: one grand 4 bd. 3 bath two level apartment (lease runs through 09/30/26), one studio/1 bd unit, six studio apartments. 97% occupancy rate. The grand unit has forced heat, central air, and has been totally remodeled. The studio/1bd. units have FANTASTIC vintage finishes - honeycomb tile, built-ins, AND modern day, economical mini-split heating and A/C. This building has been meticulously cared for and professionally managed. Do not disturb tenants - no showings prior to an accepted offer. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain independent measurements. Parcel 09-32-353-020 to the west is included in the sale and taxes for that parcel are included in estimated taxes. Buyer to verify all info.

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Multi-Family

Interior

Interior Features Range: Gas

Heating Electric, Forced Air

Flooring Carpet, Tile

Fireplace false

Window Features Blinds,Full

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Double Pane Windows, Patio: Covered, Storm Doors

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Fenced: Part, Secluded Yard, Sidewalks, Sprinkler: Auto-Part, Terrain: Grad Slope

Porch Covered

Private Pool false

Building

Lot Description Fenced: Part, Secluded, Sidewalks, Sprinkler: Auto-Part, Terrain: Grad Slope

Faces South

Sewer Sewer: Connected

Water Culinary

Architectural Style Stories: 3

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Wasatch

Middle Schools Bryant

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 09-32-353-021

Acceptable Financing Cash, Commercial Fin. Req., Conventional

Horse Property No

Listing Terms Cash, Commercial Fin. Req., Conventional

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Listed by Partlow Investment Properties, Inc

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+1(801) 871-5259
1931 S 1100 E #200, Salt Lake City, UT 84106, United States
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679 E 2ND AVE N