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1031 E 400 S photo 11 / 8

$339,000

Reduced from $359,000 · today

1031 E 400 S, Salt Lake City, UT 84102

Type

Condo

List Price

$339,000

Price/Sqft

$377

Est Gross Yield

5.7%

$19,248/yr est.

Property Details

Property typeCondo
Year built2026
Total units1
Living area900 sqft
Bedrooms2
Bathrooms1
Lot size0.01 acres
Parking2 spaces
Days on market80
Listed2026-04-11T00:00:00+00:00

Description

Attention U of U students !!! Own rather than throw your money away on rent. Monthly payment could be less than rent. Tax advantages to owning !! Total Remodel !! Everything in the building is brand NEW. New framing, New insulation, NEW: electrical, plumbing, heating, air conditioning, Sheetrock, Paint, cabinets kitchen, dishwasher, stove, fridge, sink faucets, flooring, bathroom, windows ...everything!! Great location Coveted Corner unit!!! ,3rd floor view of west and downtown , Balcony over looks the pool. Walking distance to U of U and the trax. One covered parking stall #83 ( park there when showing). Easy to show vacant. Call agent for code to get keys. Sell is subject to 1031 exchange. Need extended closing.

Listed by Lorenzo Spencer · Spencer Real Estate

Location

1031 E 400 S, Salt Lake City, UT 84102

Proforma

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Cap Rate

3.78%

Cash-on-Cash

-2.40%

Cash Flow

-$254/mo

Purchase Price$339,000
Down Payment35% ($118,650)
Interest Rate6.00%
Monthly Rent$1,604/mo
Vacancy5%
Expense Ratio30% ($5,486)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/30/2026, 2:13:04 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.