$1,995,000

Property Details

Unit Mix

Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.

Description

PREMIUM TURN-KEY MULTIFAMILY INVESTMENT. Thoughtfully restored and extensively improved, this unique fully furnished 5-plex stands apart from typical multifamily offerings by combining historic character with modern systems, quality finishes, and true turn-key operation. Situated in a highly desirable Eastside Downtown Salt Lake City location near the University of Utah, TRAX, and major employment centers, the property benefits from consistent demand among students, working professionals, and long-term residents seeking quality housing in one of Salt Lake City's most convenient locations. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and dining space. All units have been upgraded with remote-controlled mini-split heating and cooling systems, providing individual climate control in every room. Residents enjoy private front porches or decks, a shared rear patio, on-site laundry facilities, and designated parking. Current rents have remained largely unchanged for several years, providing potential future upside while maintaining exceptional occupancy and tenant retention. Extensive improvements and upgrades to the property's interior and infrastructure have significantly reduced future maintenance concerns, creating an attractive ownership experience for investors who prefer managing an asset rather than a renovation project. Combined with a strong occupancy history, this property offers a rare blend of stability, quality, and long-term investment potential. Listing agent is related to Seller.