REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ashley Elliott

ashley@sheknowsinfo.com +1(801) 512-5512

$ 1,949,999

Est. payment | -/mo

12 Beds

7 Baths

6,620 SqFt

Save

$ 1,949,999

Est. payment | -/mo

Save

12 Beds

7 Baths

6,620 SqFt

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,620 sqft

Price per Sqft $294

Subdivision Sula Apartments

MLS Listing ID 2148322

Style Stories: 2

Bedrooms 12

Construction Status Blt./Standing

HOA Y/N No

Year Built 1906

Annual Tax Amount $7,197

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

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 architecture 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%

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Multi-Family

Interior

Interior Features Alarm: Fire, Disposal, Gas Log, Kitchen: Updated, Oven: Gas, Dishwasher: Built-In

Heating Forced Air, Gas: Central

Flooring Carpet, Hardwood, Tile

Inclusions Ceiling Fan, Dryer, Gas Grill/BBQ, Gazebo, Microwave, Range, Refrigerator, Washer

Equipment Gazebo

Fireplace No

Window Features Blinds,Part

Laundry Gas Dryer Hookup

Exterior

Exterior Feature Balcony, Basement Entrance, Bay Box Windows, Entry (Foyer), Lighting, Patio: Covered

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Flat

Present Use Residential

Topography Road: Paved, Sidewalks

Porch Covered

Private Pool No

Building

Lot Description Road: Paved, Sidewalks

Faces West

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Stories: 2

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Wasatch

Middle Schools Bryant

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 09-31-480-010

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Utah Home Central

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(801) 512-5512

ashley@sheknowsinfo.com

Woods Cross, USA

Learn More About LPT Realty

60 E ST Salt Lake City, UT 84103