679 E 2ND AVE

About this home

This home for sale at 679 E 2ND AVE Salt Lake City, UT 84103 has been listed at $1,587,000 and has been on the market for 91 days.

Full description

Development Opportunity: The property consists of two tax parcels totaling approximately 8,973 square feet. Historic City records indicate the parcels have functioned together to support the existing multifamily use for decades. While no representations are made regarding future development rights, investors and developers may find value in exploring redevelopment, adaptive reuse, additional housing opportunities, and other entitlement strategies subject to Salt Lake City approval. TURN-KEY investment property in the Avenues! Easy to lease and easy to manage. Scheduled annual rent and tenant paid utility income totals $109,320.00. Tenant's cover ALL utilities. Eight units: one grand 4 bd. 3 bath two level apartment (lease runs through 09/30/26), one studio/1 bd unit, six studio apartments. 97% occupancy rate. The grand unit has forced heat, central air, and has been totally remodeled. The studio/1bd. units have FANTASTIC vintage finishes - honeycomb tile, built-ins, AND modern day, economical mini-split heating and A/C. This building has been meticulously cared for and professionally managed. Do not disturb tenants - no showings prior to an accepted offer. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain independent measurements. Parcel 09-32-353-020 to the west is included in the sale and taxes for that parcel are included in estimated taxes. Buyer to verify all info.

Property highlights

• TURN-KEY investment property in the Avenues!
• The studio/1bd. units have FANTASTIC vintage finishes - honeycomb tile, built-ins, AND modern day, economical mini-split heating and A/C. .
• Historic City records indicate the parcels have functioned together to support the existing multifamily use for decades. .
• While no representations are made regarding future development rights, investors and developers may find value in exploring redevelopment, adaptive reuse, additional housing opportunities, and other entitlement strategies subject to Salt Lake City approval. .
• Scheduled annual rent and tenant paid utility income totals $109,320. 00. .
• Eight units: one grand 4 bd. 3 bath two level apartment (lease runs through 09/30/26), one studio/1 bd unit, six studio apartments. 97% occupancy rate. .

Property details

Property Type

Residential

Sub-type

> 4 Units

Status

Active

Days on Market

91

Bedrooms

11

Bathrooms

10

Year Built

1917

Effective Year

1993

Stories

0

Living Area

5,287 sq ft

Lot Size

0.2 acres

Price/sqft

$300.17

Parking Total

0.00

County

Salt Lake

City

Salt Lake City

Zoning

Multi-Family

Tax Annual

$6,132

Preferred Financing

Cash,Commercial Fin. Req.,Conventional

Parcel #

09-32-353-021

MLS Area

Salt Lake City: Avenues Area

Listed By

Partlow Investment Properties, Inc

Interior features

• Range: Gas

Exterior features

• Double Pane Windows
• Patio: Covered
• Storm Doors

Building & construction

Roof

Asphalt

Construction

Brick

Flooring

Carpet,Tile

Garage & parking

Parking total

0.00

Covered spaces

0.00

RV parking

0.00

Land description

• Fenced: Part
• Secluded
• Sidewalks
• Sprinkler: Auto-Part
• Terrain: Grad Slope

Utilities

• Natural Gas Connected
• Electricity Connected
• Sewer Connected
• Water Connected

Additional features

Schools

Neighborhood

Walk · Transit · Bike

Walk 78 Very Walkable Transit 52 Good Transit Bike 80 Very Bikeable

Most errands can be accomplished on foot. Strong transit options available. Most trips are convenient by bike.

Price History

Location

Salt Lake City, UT · approximate location