227 N Spencer Ct, Salt Lake City, UT 84103
- $3,599,999
- 30
- BD
- 22
- BA
- 13,866
- SqFt
- List Price
- $3,599,999
- Status
- ACTIVE
- Days on Market
- 113
- MLS#
- 2149702
- Year Built
- 1916
- Bedrooms
- 30
- Bathrooms
- 22
- Living Area
- 13,866
- Lot Size
- 25,264
- Acres
- 0.58
- MLS Area Major
- Salt Lake City: Avenues Area
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.
Additional Information
- Taxes
- $15,787
- Zoning
- Multi-Family
- Flooring
- Hardwood, Tile, Concrete
- Exterior Construction
- Brick, Stucco
- Roof
- Asphalt, Membrane
- Parking Features
- Parking: Uncovered
- School District
- Salt Lake
- Elementary School
- Ensign
- Middle School
- Clayton
- High School
- West
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Listing courtesy of Investment Realty Advisors LLC.