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369 S 1000 E

Salt Lake City UT 84102

8
8
8
5960 sq. ft.
8712 sq. ft.
Other
Currently for sale - view listing

Overview

369 South 8-Plex | 8 Units | Heart of Salt Lake City - Adjacent to University of Utah & Downtown Salt Lake City | Renovated In 2022 | 100% Occupancy 369 S 1000 E, Salt Lake City, UT $2,300,000 Purchase Price 5.92% Cap Rate $136,046.57 Net Operating Income $1,646 Average Lease Rate (Per Unit) 100% Occupancy Peterson Team is proud to present an exceptional multifamily investment opportunity, this recently renovated 8-plex property is located in the highly sought-after University neighborhood, directly adjacent to the University of Utah. Offering an attractive combination of proximity to both educational and transportation hubs, this property benefits from its location near a TRAX station, making it an excellent choice for tenants who desire easy access to downtown Salt Lake City, just minutes away. CALL FOR OFFERS: MARCH 27, 2025 If you'd like to receive an Offering Memorandum, reach out to me directly! Description: New water heaters and HVAC systems New driveway and front porch New LVP flooring New washer and dryer Security system with cameras New padlocks and doors Exterior paint Roof replaced within the last 5 years High Demand Area: Prime location near the University of Utah, with easy access to TRAX and downtown Salt Lake City, ensuring strong tenant demand and consistent rental income Two (2) 2 bedroom 1 bath Six (6) 1 bedroom 1 bathroom Each unit includes dishwasher, stove/oven, fridge, & washer/dryer 2022 New Water heaters and HVAC 2022 New Driveway / Front Porch 2022 New Padlocks and Door 2022 Exterior Paint Updated LVP Flooring HIK Vision Security System Camera Roof recently replaced 1 Parking Stall Per Tenant New Trex Boards on Deck Google Fiber All units separately metered (gas/electric)

Features

8 bedrooms
8 bathrooms
8 carspaces
8 open car spaces
5960 sq. ft. floor area
8712 sq. ft. lot size
Other

Property history for 369 S 1000 E

2019
Sold
Undisclosed
06 Aug 2019 by Harjot Gill
2018
Sold
Undisclosed
30 Dec 2018

Happy sellers in Salt Lake City

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Local market activity for 8 bedroom other properties in Salt Lake City

In the last 12 months, 1 eight-bedroom other similar to 369 S 1000 E, have been sold.

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Sales:
(619) 566-0008
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