Active
157 S 800 E, Salt Lake City, UT 84102
$855,000
11 bed · 5 bath · 5,989 sqft
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.
TOP 20% VALUE: priced better per square foot than 10 of the 10 most similar active listings nearby.
| Year built | 1935 |
|---|---|
| Lot size | 0.22 acres |
| Garage | 5 spaces |
| Stories | 0 |
| Type | > 4 Units |
| Annual taxes | $4,500 |
| County | Salt Lake County |
| MLS # | 2183101 |
| Days on market | 113 |
Photos (36)
Listing courtesy of Terry Cononelos, Masters Utah Real Estate.
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