1427-1431 E 2100 S
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1427-1431 E 2100 S
8 Unit Block of Flats £1,461,518 (£182,690/Unit) 6.39% Net Initial Yield Salt Lake City, UT 84105
Investment Highlights
- Located across from Sugarhouse Park
- CN Zoning
- Great income
Executive Summary
Premium location! 8 units in the heart of Sugarhouse. Directly across the street from Sugarhouse park. Two buildings with 4 units each. Many recent upgrades including new roof, electrical upgrades, updated kitchens/bathrooms, flooring, and paint. Coin op laundry. 8 uncovered parking stalls. This property is always in high demand with it's proximity to parks, restaurants, entertainment and amenities all within walking distance. 5 units come furnished. Short term rental potential. Zoning is CN (neighborhood commercial). Great income right from the start, and always easy to rent. Seller is open to carrying a seller second mortgage. Seller is a licensed real estate broker in the state of Utah. Listing agents are related to seller. Buyer to verify all information including square footage.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,461,518 | Apartment Style | Low Rise |
| Price Per Unit | £182,690 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Net Initial Yield | 6.39% | Building Size | 4,826 SF |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1944 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Price | £1,461,518 |
| Price Per Unit | £182,690 |
| Sale Type | Investment |
| Net Initial Yield | 6.39% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,826 SF |
| Number of Floors | 2 |
| Year Built | 1944 |
| Parking Ratio | 1.66/1,000 SF |
Unit Amenities
- Cable Ready
- Microwave
- Kitchen
- Refrigerator
- Carpet
- Deck
- Double Pane Windows
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 7 | £1,007 | 524 - 701 |
| 2+1 | 1 | £1,655 | 960 |
1 of 1
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 16-16-359-029-0000 | Total Assessment | £839,417 |
| Land Assessment | £363,887 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £475,530 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
16-16-359-029-0000
Land Assessment
£363,887
Improvements Assessment
£475,530
Total Assessment
£839,417
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | CN (Neighborhood commercial) |
| CN (Neighborhood commercial) |
-
James Quinn -
Mike Jensen -
Berkshire Hathaway Utah Properties
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1427-1431 E 2100 S
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