
PROPERTY DETAILS
The home for sale at 278 E 100 S Salt Lake City, UT 84111 has been listed at $16,950,000 and has been on the market for 257 days.
This sale includes 4 buildings and 112 units. After the buildings were renovated in 1995 Pauline Downs became a part of the Low Income Housing Tax Credit Program (LIHTC), which requires all tenants to qualify as low income. The commitment at the time was for 99 years, leaving 72 years left. The max allowable rents are released each year by HUD. Property management conducts rent increases each year during lease renewals. The subject property has historically received increases in the max allowable rents which provides an opportunity for buyers to continue to achieve rent increases each year. In May 2020 a fire burned down the Embassy Apartments, the building located at 120 S 300 E which included 32 units. It left the units unrentable. When the current owners purchased the building, they began construction to rebuild the burned units which were completed in July of 2022. As part of the construction extensive renovations were completed including: New flooring, New paint, Entire 4th floor gutted to studs and rebuilt, New plumbing throughout, Some updates to electrical throughout, All new electric on 4th floor, New shower surrounds, New shower hardware, New light fixtures, New toilets, New vanities in all bathrooms, New cabinets in all kitchens, New granite counters in all kitchens, New stainless steel appliances, Exterior paint, New boiler system installed prior to fire and reactivated after construction, All new roof structure and roof with upgraded seismic strapping for roof system. Includes Tax IDs: 16-06-129-014, 16-06-129-015, 16-06-129-016, and 16-06-129-017.
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General Information
-
Price
$16,950,000
-
Days on Market
257
-
Area
Salt Lake City; So. Salt Lake
-
Total Bedrooms
54
-
Total Bathrooms
112
-
House Size
58400 Sq Ft
-
Neighborhood
-
Address
278 E 100 S Salt Lake City, UT 84111
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HOA
NO
-
Lot Size
0.90
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Price/sqft
290.24
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Year Built
1907
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MLS
1827699
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Status
Active
-
City
-
Term Of Sale
Cash,Conventional
Inclusions
- Ceiling Fan
- Range
- Refrigerator
Interior Features
- Alarm: Fire
- Range/Oven: Free Stdng.
Exterior Features
- Balcony
Building and Construction
- Roof:
- Exterior: Balcony
- Construction: Brick
- Foundation Basement: d d
Garage and Parking
- Garage Type: No
- Garage Spaces: 0
Land Description
- Corner Lot
- Curb & Gutter
- Road: Paved
- Sidewalks

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Lance and Jennnifer
Goddard
801-410-7917


Lance and Jennnifer
Goddard
801-410-7917

Other Property Info
- Area: Salt Lake City; So. Salt Lake
- Zoning:
- State: UT
- County: Salt Lake
- This listing is courtesy of: Cory Waddoups Investment Realty Advisors LLC. 435-485-7070.
Utilities
Natural Gas Connected
Electricity Connected
Sewer Connected
Sewer: Public
Water Connected
Schools
- Highschool: East
- Jr High: Bryant
- Intermediate: Bryant
- Elementary: Wasatch
This data is updated on an hourly basis. Some properties which appear for sale on
this
website
may subsequently have sold and may no longer be available. If you need more information on this property please email info@blgrealestate.com with the MLS number 1827699.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair
Housing Act
and Utah Fair Housing Act,
which Acts make it illegal to make or publish any advertisement that indicates any
preference,
limitation, or discrimination based on race,
color, religion, sex, handicap, family status, or national origin.