The Burton at The University of Utah
- 16-unit, 34-bed boutique apartment community ideally located on the western edge of the University of Utah campus in Salt Lake City, Utah
- Originally constructed in 1925 as an LDS Meeting House, the property has been thoughtfully converted into a distinctive residential asset that blends historic character with modern finishes
- Offers a diverse mix of nearly all unique floor plans ranging from a 595-square-foot studio to spacious three-bedroom residences approaching 1,200 square feet
- The property offers a differentiated product that stands apart from conventional student-oriented housing near the University of Utah
- The Burton offers investors the opportunity to capitalize on continued rental demand, premium positioning, and the enduring appeal of a character-driven asset in a top-tier university market
Property Description
Originally constructed in 1925 as an LDS Meeting House, the Burton is a stunning apartment conversion. With 16 units across almost as many unique floor plans, the Burton includes a 595-square-foot studio unit, all the way up to a 1,200-square-foot three-bedroom floor plan. Community amenities include controlled access, a fitness center, and high-end finishes throughout.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Student Housing |
| Price: | $8,500,000 |
| No. of Units: | 16 |
| Cap Rate: | 4.5% |
| Average Occupancy: | 100 |
| Year Built: | 1923 |
| Year Renovated: | 2022 |
| Building Size: | 15,006 Sq ft |
| No. of Stories: | 1 |
| APN: | 16-04-109-008-0000 |
| Opportunity Zone: | No |
| Price per unit: | $531,250 |
| Property Website | Click Here |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2026 |
| Gross income: | 573340 |
| Operating expenses: | 190267 |
| Net operating income: | 383073 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Sean Lyons | 7735057326 | [email protected] |
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