Listed by Investment Realty Advisors
$3,599,999
227 N E Spencer Ct
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,866
Units 22
Year Built 1916
Acreage 0.580
About This Property for Sale
Marketing description
Spencer Court Apartments is a unique 22-unit multifamily community comprised of six smaller multi-family buildings nestled in one of Salt Lake City's most sought-after neighborhoods. The property boasts a proven operational history with strong rental performance and healthy NOI, currently offered at an attractive 6.3% in-place cap rate with compelling price-per-unit metrics. There is significant opportunity to improve asset quality, push rents, and drive meaningful appreciation. Do not disturb tenants. Buyer to obtain independent measurements and verify all information independently.
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Listed by Investment Realty Advisors
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