227 N SPENCER Ct
Property Description
Spencer Court Apartments is a unique 22-unit multifamily community comprised of six smaller multi-family buildings nestled in one of Salt Lake City's most sought-after neighborhoods. The property boasts a proven operational history with strong rental performance and healthy NOI, currently offered at an attractive 6.3% in-place cap rate with compelling price-per-unit metrics. There is significant opportunity to improve asset quality, push rents, and drive meaningful appreciation. Do not disturb tenants. Buyer to obtain independent measurements and verify all information independently.
Broker Details
Investment Realty Advisors, LLC (801) 971-2542
MLS ID: 99739
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,599,999 |
| No. of Units: | 22 |
| Year Built: | 1916 |
| Lot Size: | 13,866.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $163,636 |
| Property Website | Click Here |
| Number of Bedrooms: | 30 |
| Number of Bathrooms: | 22 |
ID: 3yd-WFRMLSUT-2149702
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