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29715358
29838004

937 E 300 S, Salt Lake City, UT 84102

SC
UT 6608967-PB00
Lift Realty
Listed by Lift Realty
$1,999,000
111 days on market
Updated 15 days ago

Broadway 5-Plex

Details
APN 16-05-182-025
Property Type Multifamily
Sub Type Student Housing, Apartment Building (+1)
Square Footage 5,678
Units 5
Beds 10
Cap Rate 6.39%
NOI $127,800
Occupancy 100%
Rent Bumps No
Pro-Forma Cap Rate 5.25%
Pro-Forma NOI $105,000
Price per SqFt $352
Broker Co-Op Yes
Class B
Year Built 1911
Year Renovated 2024
Buildings 1
Stories 3
Acreage 0.120
Zoning R-3
Parking Spaces 5
Ground Lease No

Renovated | Fully Furnished | 5 Units

Marketing description

Fully occupied 5-plex in a prime Eastside Downtown Salt Lake City location. Just minutes from the University of Utah and nearby bus/TRAX stations, this 5,678-square-foot multifamily property delivers strong, consistent tenant demand in one of the city's most walkable and convenient neighborhoods. The property is fully furnished and turn-key, offering immediate cash flow, with consistent demand via Airbnb, Furnished Finder, and Facebook Marketplace from students, working professionals, and travelers. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and a full kitchen with dining space. All units have been recently painted and upgraded with remote-controlled mini-split heating and cooling, providing individual climate control in each room. Two of the units were newly constructed in 2024. Residents enjoy private front porch/deck spaces, a shared rear patio area, and an on-site laundry room with coin and credit card-operated machines. The property includes five designated outdoor parking spaces, with additional free street parking available. This charming multifamily asset blends historic character with modern updates, making it a compelling opportunity for investors seeking long-term stability in a highly desirable Salt Lake City location. The listing agent is related to the Seller.

Listing Contacts

SC
UT 6608967-PB00
Lift Realty
Listed by Lift Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$127,800.00
$10,650.00/mo

Valuation Metrics

0
DSCR
6.39%
Cap Rate
6.39%
ROI

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Additional Information

Name
Lucy Walbeck
License
11870725-SA00
Brokerage
Lift Realty
Brokerage Phone
801-792-4847
Title
Broker of Record
Brokerage Address
11978 S September Cv, Sandy, UT 84092
Name
Spencer Clawson
License
6608967-PB00
Brokerage
Lift Realty
Brokerage Phone
8016368426
Title
Principal Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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