Listed by Investment Realty Advisors
$6,550,000
141 E 1st Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,838
Units 32
Year Built 1930
Year Renovated 2021
Acreage 0.380
Zoning RMF-75
Investment Type Value Add
Multifamily | 32 Units | $210,000/unit
Marketing description
Located in the heart of downtown Salt Lake City's Avenues neighborhood, Castle Heights Apartments is one of the cities most iconic multifamily buildings. 32-units just steps from Temple Square, City Creek, dining, employment, and public transit. The property includes 27 one-bedroom units, 4 studios, and 1 two-bedroom. Some interior cosmetic upgrades were completed in 2021, including new cabinets, countertops, and stainless steel appliance, but more work remains. Offered at UNDER $210,000 per unit, this is a compelling value-add opportunity in a premier, walkable downtown location with strong long-term upside.
Investment highlights
- Heating: Gas: Radiant
- Features: Entry (Foyer)
- Lot: Road: Paved
- Landscape: Xeriscaped
- Exterior: Brick; Stone
- Garage/Parking: Parking: Covered; Parking: Uncovered
- Total Units: 32
- Tot SQ Ft: 30,838
- Acres (Lot): 0.38
Listing Contacts
Listed by Investment Realty Advisors
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