Active
227 N Spencer Ct, Salt Lake City, UT 84103
$3,599,999
30 bed · 22 bath · 13,866 sqft
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.
| Year built | 1916 |
|---|---|
| Lot size | 0.58 acres |
| Stories | 0 |
| Type | > 4 Units |
| Annual taxes | $15,787 |
| County | Salt Lake County |
| MLS # | 2149702 |
| Days on market | 151 |
Photos (8)
Listing courtesy of Porter Criddle, Investment Realty Advisors LLC.
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