Multifamily
University Barber Shop Apartments
1150 E 500 S, Salt Lake City, UT 84102
Listing Price: $1,100,000
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of the University Barbershop Apartments. This mixed-use property presents a compelling opportunity to acquire a stabilized residential asset and an owner-operated business. The building features four leased residential units generating consistent cash flow. The ground-floor commercial unit is currently occupied by the University Barbershop and is operated by the property owner. Located in a high-demand area, the property benefits from strong fundamentals.
The barbershop presents a clear opportunity for an investor or entrepreneur. Buyers may choose to grow the business or convert it to a different use. This offering is ideal for investors seeking diversified income, operational control, and long-term upside through both real estate and business optimization.
University Barber Shop Apartments
Investment Highlights
- STABILIZED RESIDENTIAL INCOME: Four leased residential units providing consistent occupancy and cash flow with opportunity to increase rents through light value-add or market adjustments.
- COMMERCIAL LEASING UPSIDE: Ground-floor barbershop currently owner-operated on month-to-month lease. Opportunity to take over the business, re-tenant, or repurpose with potential to increase NOI.
- PRIME LOCATION: Located on 500 South near Rice-Eccles Stadium, the property benefits from a high-traffic location near transit, the university, and employment centers.
Exclusively Listed By
Listing Price: $1,100,000
Investment Highlights
- STABILIZED RESIDENTIAL INCOME: Four leased residential units providing consistent occupancy and cash flow with opportunity to increase rents through light value-add or market adjustments.
- COMMERCIAL LEASING UPSIDE: Ground-floor barbershop currently owner-operated on month-to-month lease. Opportunity to take over the business, re-tenant, or repurpose with potential to increase NOI.
- PRIME LOCATION: Located on 500 South near Rice-Eccles Stadium, the property benefits from a high-traffic location near transit, the university, and employment centers.
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of the University Barbershop Apartments. This mixed-use property presents a compelling opportunity to acquire a stabilized residential asset and an owner-operated business. The building features four leased residential units generating consistent cash flow. The ground-floor commercial unit is currently occupied by the University Barbershop and is operated by the property owner. Located in a high-demand area, the property benefits from strong fundamentals. The barbershop presents a clear opportunity for an investor or entrepreneur. Buyers may choose to grow the business or convert it to a different use. This offering is ideal for investors seeking diversified income, operational control, and long-term upside through both real estate and business optimization.
Exclusively Listed By
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