369 S 1000 E Active Save Request In-Person Tour Request Virtual Tour
Salt Lake City,UT 84102
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,960 sqft
Price per Sqft $385
Subdivision Plat F
MLS Listing ID 2068439
Style Stories: 2
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1961
Annual Tax Amount $8,465
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type > 4 Units
Property Description
369 South 8-Plex | 8 Units | Heart of Salt Lake City - Adjacent to University of Utah & Downtown Salt Lake City | Renovated In 2022 | 100% Occupancy 369 S 1000 E, Salt Lake City, UT $2,300,000 Purchase Price 5.92% Cap Rate $136,046.57 Net Operating Income $1,646 Average Lease Rate (Per Unit) 100% Occupancy Peterson Team is proud to present an exceptional multifamily investment opportunity, this recently renovated 8-plex property is located in the highly sought-after University neighborhood, directly adjacent to the University of Utah. Offering an attractive combination of proximity to both educational and transportation hubs, this property benefits from its location near a TRAX station, making it an excellent choice for tenants who desire easy access to downtown Salt Lake City, just minutes away. CALL FOR OFFERS: MARCH 27, 2025 If you'd like to receive an Offering Memorandum, reach out to me directly! Description: New water heaters and HVAC systems New driveway and front porch New LVP flooring New washer and dryer Security system with cameras New padlocks and doors Exterior paint Roof replaced within the last 5 years High Demand Area: Prime location near the University of Utah, with easy access to TRAX and downtown Salt Lake City, ensuring strong tenant demand and consistent rental income Two (2) 2 bedroom 1 bath Six (6) 1 bedroom 1 bathroom Each unit includes dishwasher, stove/oven, fridge, & washer/dryer 2022 New Water heaters and HVAC 2022 New Driveway / Front Porch 2022 New Padlocks and Door 2022 Exterior Paint Updated LVP Flooring HIK Vision Security System Camera Roof recently replaced 1 Parking Stall Per Tenant New Trex Boards on Deck Google Fiber All units separately metered (gas/electric)
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Multi-Family
Interior
Interior Features Range/Oven: Built-In,Video Camera(s)
Flooring Laminate
Fireplace No
Window Features Blinds
Exterior
Exterior Feature Porch: Open
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
View Y/N No
Present Use Residential
Handicap Access Accessible Electrical and Environmental Controls,Ground Level
Porch Porch: Open
Total Parking Spaces 8
Private Pool No
Building
Sewer Sewer: Connected
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Senior Community No
Tax ID 16-05-402-016