157 S 800 E, Salt Lake City, UT 84102
- $855,000
- 11
- BD
- 5
- BA
- 5,989
- SqFt
- List Price
- $855,000
- Status
- ACTIVE
- MLS#
- 2183101
- Days on Market
- 0
- Year Built
- 1935
- Bedrooms
- 11
- Bathrooms
- 5
- Square Feet
- 5,989
- Parcel Number
- 16-05-161-005
- Acres
- 0.22
- Terms
- Cash, Commercial Fin. Req., Seller Finance
- County
- Salt Lake
- Region
- Salt Lake City; So. Salt Lake
Property Description
Fabulous U of U and downtown multi-unit rental and/or group home facility with new paint and carpet! Fabulous value with room to increase rents throughout! Current rent rates are low and have not been raised in years! This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are currently in place. The property is licensed and used for multi-unit rentals that allow apartment and single-room tenants up to 10 Doors. There is one 2-Bedroom, one-bath and a 1-Bedroom, one-bath apartment on the main floor. There are 8 single room rentals on the second floor that share a common kitchen area and 2 1/2 full baths. This property is perfect "As Is" or can be developed into an Airbnb, Hostel Group Home, or Apartments. The boiler is only a couple of years old, is 90%+ efficient, and represents a $30,000 investment. The roof is also in excellent condition, providing additional peace of mind for the buyer.
Additional Information
- Taxes
- $4,500
- Exterior Features
- Entry (Foyer), Lighting
- Floor
- Carpet, Hardwood, Linoleum, Vinyl
- Garage Spaces
- 5
- Heating
- Gas: Radiant, Hot Water, >= 95% efficiency
- Roof
- Asphalt
- School District
- Salt Lake
- Elementary School
- Wasatch
- Middle School
- Bryant
- High School
- East
- Style
- Stories: 2
- Living Area
- 5,989
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Listing courtesy of Masters Utah Real Estate.
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