1162 E 400 S Salt Lake City UT 84102 | $2,500,000

Property Facts

Days on URE 36

Status ACTIVE

MLS# 2071896

Type > 4 Units

Style 3 - Story

Year Built 1973

**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.

Property Features

Interior Features

Exterior Features

Other Features

Included in Transaction

Totals

Unit Configuration 1

Total Number Values			Air Conditioning
Number of Units: 0	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 1	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0

Current Rent: $1,440.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 2

Total Number Values			Air Conditioning
Number of Units: 1	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 0	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0

Current Rent: $1,600.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 3

Total Number Values			Air Conditioning
Number of Units: 0	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 0	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0

Current Rent: $1,440.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 4

Total Number Values			Air Conditioning
Number of Units: 1	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 0	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	1	0	0	1	0	0	0	0	0

Current Rent: $1,600.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 5

Total Number Values			Air Conditioning
Number of Units: 1	Deck: 0	Patio: 0	Gas: 0	Elec: 11
Furnished: 0	Unfurnished: 0	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 1	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	0	0	1	0	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	1	0	1	0	0	0	0	0	0

Current Rent: $1,700.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 6

Total Number Values			Air Conditioning
Number of Units: 1	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 0	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	0	0	1	0	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	0	0	1	0	0	0	0	0	0

Current Rent: $1,445.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 7

Total Number Values			Air Conditioning
Number of Units: 1	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 0	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 1	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	0	0	1	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	0	0	1	1	0	0	0	0	0

Current Rent: $1,645.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 8

Total Number Values			Air Conditioning
Number of Units: 1	Deck: 0	Patio: 0	Gas: 0	Elec: 0
Furnished: 0	Unfurnished: 1	Gas Meters: 1	Elec (win): 0	Evap: 0
Elec Meters: 1	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 0	Refrigerators: 11	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,105	2	1	0	0	0	0	1	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,105	2	1	0	0	0	0	1	1	0	0	0	0	0

Current Rent: $1,440.00 Monthly	Covered Parking: 1	Uncovered Parking: 0	Storage Units: 0

Zoning Information

Schools

Designated Schools

Elementary School Bennion (M Lynn)

Middle School Bryant

High School East

School District Salt Lake

View School Ratings by Utah Dept. of Education

Nearby Schools

GreatSchools Rating	School Name	Grades	Distance
3	Salt Lake Center for Science Education Bryant Public Middle School	7-8	0.84 mi
NR	M Lynn Bennion School Public Preschool, Elementary	PK	0.51 mi
NR	The McGillis School Private Elementary, Middle School	K-8	0.35 mi
NR	Judge Memorial Catholic High School Private High School	9-12	0.38 mi
NR	Rowland Hall Secondary Private Preschool, Elementary, Middle School, High School	PK-12	0.44 mi
NR	Our Lady Of Lourdes School Private Elementary, Middle School	K-8	0.44 mi
3	East High School Public High School	9-12	0.66 mi
9	Wasatch School Public Elementary	K-6	0.67 mi
NR	Rowland Hall Private Preschool, Elementary, Middle School, High School	PK-12	0.72 mi
NR	Carmen B Pingree Center Private Preschool, Elementary, Middle School	PK	0.84 mi
NR	Children Behavior Therapy Unit (Cbtu) Public Elementary	K-6	0.86 mi
NR	Odyssey House Childrens Services (YIC) Public Middle School, High School	7-12	0.90 mi
6	City Academy Charter Middle School, High School	7-12	0.98 mi
NR	Salt Lake Virtual School Public Middle School, High School	7-12	1.19 mi
NR	Salt Lake Virtual Elementary Public Elementary, Middle School	K-8	1.19 mi

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

Joseph Mills

801-971-2542

Co-Agent

Porter Criddle

801-694-5291

Listing Broker

Investment Realty Advisors LLC
411 W 7200 S Ste 201
Midvale, UT 84047
435-485-7070

1162 E 400 S

Property Facts