679 E 2nd Ave N, Salt Lake City, UT 84103
- $1,587,000
- 11
- BD
- 10
- BA
- 5,287
- SqFt
- List Price
- $1,587,000
- Status
- ACTIVE
- Days on Market
- 187
- Price Change
- ▼ $88,000 1779233939
- MLS#
- 2143287
- Style
- Stories: 3
- Year Built
- 1917
- Bedrooms
- 11
- Bathrooms
- 10
- Living Area
- 5,287
- Lot Size
- 8,712
- Acres
- 0.20
- MLS Area Major
- Salt Lake City: Avenues Area
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.
Additional Information
- Interior Features
- Range: Gas
- Exterior Features
- Double Pane Windows, Patio: Covered, Storm Doors
- Taxes
- $6,132
- Property Description
- Stories: 3
- Zoning
- Multi-Family
- Flooring
- Carpet, Tile
- Heating
- Electric, Forced Air
- Exterior Construction
- Brick
- Roof
- Asphalt
- School District
- Salt Lake
- Elementary School
- Wasatch
- Middle School
- Bryant
- High School
- West
Mortgage Calculator
Listing courtesy of Partlow Investment Properties, Inc.