400 East 700 South
About This Property
Marketing description
MMG Real Estate Advisors is pleased to present the opportunity to acquire 700 E 400 S, a cohesive, income-producing portfolio in Salt Lake City's Central City neighborhood comprised of 11 residential units (5 duplexes + 1 SFR) and one commercial/retail building. Occupying a combined 0.57-acre site zoned RMF-35, the portfolio sits at a strategic midpoint between Downtown Salt Lake City and the University of Utah campus — placing it directly in the path of the city's strongest rental demand drivers. The residential units benefitted from a meaningful 2022 renovation program addressing kitchens, baths, roofs, siding, and windows, materially reducing near-term deferred maintenance risk. The combination of residential scale, long-term commercial tenancy, and meaningful land position makes this a uniquely compelling asset for the right investor.
Investment highlights
- Central City Location — Strategic Midpoint Between Downtown SLC and the University of Utah
- Ideal Tenant Profile — Young, Educated, Renter-Heavy 84111 Zip Code
- 2022 Renovation Program — Reduced Near-Term Capex Risk
- Durable Commercial Anchor — Existing Lease Providing Predictable Income
- Portfolio Scale with Management Efficiency — 11 Residential Units Plus One Commercial Tenant
- Residential Amenities and Urban Walkability Supporting Tenant Retention
- Zoning & Development Optionality (RMF-35)
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