227 N SPENCER CT, Salt Lake City, UT 84103
227 N SPENCER CT, Salt Lake City, UT 84103
227 N SPENCER CT, Salt Lake City, UT 84103
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The Perry Group

The Perry Group

+1(801) 871-5259
$3,599,999
Est. payment /mo
30 Beds
22 Baths
13,866 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 13,866 sqft

Price per Sqft $259

MLS Listing ID 2149702

Bedrooms 30

Construction Status Blt./Standing

HOA Y/N No

Year Built 1916

Annual Tax Amount $15,787

Lot Size 0.580 Acres

Acres 0.58

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

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.

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Multi-Family

Interior

Flooring Hardwood, Tile, Concrete

Fireplace false

Window Features Blinds

Exterior

Carport Spaces 1

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

View Y/N Yes

View Mountain(s)

Roof Type Asphalt,Membrane

Present Use Residential

Topography View: Mountain

Total Parking Spaces 1

Private Pool false

Building

Lot Description View: Mountain

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Structure Type Brick,Stucco

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Ensign

Middle Schools Clayton

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 09-31-333-007

Acceptable Financing Cash, Conventional, Exchange

Horse Property No

Listing Terms Cash, Conventional, Exchange

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Listed by Investment Realty Advisors LLC

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+1(801) 871-5259
1931 S 1100 E #200, Salt Lake City, UT 84106, United States
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227 N SPENCER CT