$2,050,000
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Other
Residence
Beds
Baths
6,620
Sq. Ft.
0.11
Acre
Lot
Property Activity
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Introducing The SULA, a rare opportunity to own a 7-unit multifamily property in the highly sought-after Avenues neighborhood, just moments from the University of Utah, City Creek Canyon and within walking distance to downtown Salt Lake City. Rich in character, this historic gem showcases timeless a...rchitecture that stands out in one of the city's most vibrant urban settings. Tenants are consistently drawn to the property's blend of classic charm and thoughtful modern updates. These units feature unique touches such as hardwood floors, original fireplaces, exposed brick accents, and high ceilings that create an open, inviting atmosphere. Select units offer private balconies. Updated kitchens and bathrooms provide contemporary comfort and functionality. The property is fully leased with quality tenants in place, offering immediate income stability. Amenities include fire escapes where required, in-unit washer and dryers in three units, and dishwashers in five units-enhancing tenant convenience and appeal. A distinctive investment property that seamlessly combines historic elegance with modern livability-The SULA is as stylish as it is smart. Cap Rate of 5.7%
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MLS#
2148322
Property Type
Other
Square Feet
6,620
sq. ft
Lot Size
0.11
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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