About This Home
This 11-bedroom, 5-bathroom residential multi family at 157 S 800 E in Salt Lake City, UT is listed for $855,000 ($143 per sqft). Built in 1935, the home offers 5,989 sqft of living space on a 0.22 acres lot.
Key Features
- Built in 1935
- 0.22 acre lot
- 2 stories
- 15 parking spaces
Property Details
Amenities
Fabulous U of U and downtown multi-unit rental and/or group home facility with new paint and carpet! Fabulous value with room to increase rents throughout! Current rent rates are low and have not been raised in years! This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are currently in place.
The property is licensed and used for multi-unit rentals that allow apartment and single-room tenants up to 10 Doors. There is one 2-Bedroom, one-bath and a 1-Bedroom, one-bath apartment on the main floor. There are 8 single room rentals on the second floor that share a common kitchen area and 2 1/2 full baths.
This property is perfect "As Is" or can be developed into an Airbnb, Hostel Group Home, or Apartments. The boiler is only a couple of years old, is 90%+ efficient, and represents a $30,000 investment. The roof is also in excellent condition, providing additional peace of mind for the buyer.
Monthly Cost Estimate
$4,573/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
157 S 800 E
Salt Lake City, UT 84102
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 11-bedroom, 5-bathroom residential multi family at 157 S 800 E is listed at $855,000 ($143/sqft). The estimated monthly payment is $4,572 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1935, 0.22 acre lot, 2 stories, 15 parking spaces. Exterior Features: Entry (Foyer), Lighting.
This property is listed by Terry Cononelos and can be reached at 8012057019.