Introducing The SULA, a rare opportunity to own a 7-unit multifamily property in the highly sought-after Avenues neighborhood, just moments from the University of Utah, City Creek Canyon and within walking distance to downtown Salt Lake City. Rich in character, this historic gem showcases timeless architecture that stands out in one of the city's most vibrant urban settings. Tenants are consistently drawn to the property's blend of classic charm and thoughtful modern updates. These units feature unique touches such as hardwood floors, original fireplaces, exposed brick accents, and high ceilings that create an open, inviting atmosphere. Select units offer private balconies. Updated kitchens and bathrooms provide contemporary comfort and functionality. The property is fully leased with quality tenants in place, offering immediate income stability. Amenities include fire escapes where required, in-unit washer and dryers in three units, and dishwashers in five units-enhancing tenant convenience and appeal. A distinctive investment property that seamlessly combines historic elegance with modern livability-The SULA is as stylish as it is smart. Cap Rate of 5.7%
Features
12 bedrooms
7 bathrooms
6620 sq. ft. floor area
crop_free4791.6 sq. ft. lot size
cottageOther
Happy sellers in Salt Lake City
~%
We have insufficient information to provide an overview of customer satisfaction for Salt Lake City. Viewing the agent profiles, reviews and sales for Salt Lake City can provide insights for this location.
Local market activity for 12 bedroom other properties in Salt Lake City
Sold
For Sale
View the listing for inspection times, agent contact details, and more.