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247 S 700 E, Salt Lake City, UT 84102
$309,500
247 S 700 E, Salt Lake City, UT 84102
Type
Condo
List Price
$309,500
Price/Sqft
$440
Est Gross Yield
4.3%
$13,392/yr est.
Property Details
Description
This fully remodeled 1 bd/1 ba condo sits in one of SLC's most sought-after and walkable corridors, steps from everything SLC has to offer. Enjoy fresh finishes throughout, floor-to-ceiling windows that flood the space with natural light, a walk-in closet, covered parking, and a separate storage unit - plus a brand new water heater (Dec 2025) for extra peace of mind. The building itself is well-maintained and actively managed, with friendly neighbors, a quiet courtyard to relax in, and laundry units on each floor. The HOA is one of the best in the city, covering gas, water, sewer, and trash, and picking up 80% of any HVAC or water heater repair/replacement costs. Walk across the street to Trader Joe's, Sprouts, Trolley Square, and TRAX. Just minutes from downtown and the University of Utah.. It's also a strong rental location, with similar units pulling $1,850$2,150+/mo (6-month minimum allowed). For the buyer who wants to be close to the city and part of a welcoming community, this one's for you. Buyer to verify all information.
Listed by Aja Domingo · Unity Group Real Estate LLC
Location
247 S 700 E, Salt Lake City, UT 84102
Proforma
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Cap Rate
2.88%
Cash-on-Cash
-4.80%
Cash Flow
-$464/mo
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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 8/5/2026, 9:15:19 PM. 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.