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701 E 2ND AVE N, Salt Lake City, UT 84103

  • $1,700,000

  • MLS#: 1572492
  • beds: 8
  • baths: 7

Listing Presented By

Jereme Thaxton
KW LEGACY KELLER WILLIAMS REALTY (Bountiful)
(801) 295-7878

3 - Story, > 4 Units - Salt Lake City, UT

**Please review the attached offering memoranda for complete financials and property information. All property tours must be coordinated with the listing agent.** Trophy location in the heart of the Avenues offers investors top rents and low vacancy. New price yields a 5.96% in place Cap Rate (6.43% Proforma), 28% Internal Rate of Return (IRR) and 3.26x Equity Multiple projected for a 5 year hold. Completely new units blend modern amenities with historic details that tenants desire. Attractive seller financing available as a short term bridge to permanent financing. Property is offered with 100% rent guarantee for 12 months until property is stabilized. Designed by CRSA, a top architecture firm specializing in historic preservation. Completely turn-key with all new plumbing and electrical service to the building. New appliances, cabinets, quartz counters, subway tile backsplash and tub surrounds. High end designer grade fixtures include LED lighting, low-flow faucets and toilets. Square footage measurements are provided as a courtesy, buyer to verify all information.

  • $1,700,000
  • Multi-family
  • MLS#: 1572492
  • 8 Bedrooms
  • 7 Full Bathrooms
  • Square Footage: 6,323
  • Built In: 1931
  • Last Updated: January 19, 2019
  • Posted: December 21, 2018

701 E 2ND AVE N, Salt Lake City, UT 84103 MLS#: 1572492

701 E 2ND AVE N, Salt Lake City, UT 84103 is an bedroom: 8, bathroom: 7 Multi-family in Salt Lake City, Utah for $1,700,000 with MLS#: 1572492 and offered by Jereme Thaxton of KW LEGACY KELLER WILLIAMS REALTY (Bountiful). To learn more about 701 E 2ND AVE N, Salt Lake City, UT 84103 contact Jereme Thaxton for more information or to request a showing.


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