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Multifamily

2nd Avenue

324 E 2nd Ave, Salt Lake City, UT 84103

Listing Price: $2,650,000

Cap Rate
5.83%
Number of Units
11
GRM
13.49
Occupancy
100.0%
Price/Unit
$240,909
Price/Gross SF
$448.62
Gross SF
5,907

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 2nd Avenue Apartments. Located in the growing Salt Lake market, this opportunity offers a stabilized investment in an excellent location that benefits from. 2nd Avenue benefits from its proximity to downtown, I-15, and I-80. Salt Lake is the state's largest business center and offers various economic and recreational appeals. Large companies and schools nearby such as Goldman Sach's, Zion's Bank, the University of Utah, and Westminster University, add to the strong and growing local economy.

Disclaimer: Interior Images Include Virtual Staging

Investment Highlights

  • Excellent Avenues Location: 2nd Avenue Apartments benefits from strong tenant demand due it's close proximity to major employment, entertainment, and recreational centers
  • Recently Renovated: Exterior and interior renovations, including in-unit washers and dryers, provide a turn-key opportunity for a new owner
  • Other Income Potential: Potential to introduce RUBS, parking, and storage fees to further increase income

Exclusively Listed By

Financing By

Listing Price: $2,650,000

Cap Rate
5.83%
Number of Units
11
GRM
13.49
Occupancy
100.0%
Price/Unit
$240,909
Price/Gross SF
$448.62
Gross SF
5,907

Investment Highlights

  • Excellent Avenues Location: 2nd Avenue Apartments benefits from strong tenant demand due it's close proximity to major employment, entertainment, and recreational centers
  • Recently Renovated: Exterior and interior renovations, including in-unit washers and dryers, provide a turn-key opportunity for a new owner
  • Other Income Potential: Potential to introduce RUBS, parking, and storage fees to further increase income

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 2nd Avenue Apartments. Located in the growing Salt Lake market, this opportunity offers a stabilized investment in an excellent location that benefits from. 2nd Avenue benefits from its proximity to downtown, I-15, and I-80. Salt Lake is the state's largest business center and offers various economic and recreational appeals. Large companies and schools nearby such as Goldman Sach's, Zion's Bank, the University of Utah, and Westminster University, add to the strong and growing local economy. Disclaimer: Interior Images Include Virtual Staging

Exclusively Listed By

Financing By

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