227 N SPENCER CT photo 1
1 / 8
> 4 Units
Active
138Days on Market

$3,599,999

$260/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.
Mountain View

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About This Property

I'm interested

Spencer Court Apartments is a unique 22-unit multifamily community comprised of six smaller multi-family buildings nestled in one of Salt Lake City's most sought-after neighborhoods. The property boasts a proven operational history with strong rental performance and healthy NOI, currently offered at an attractive 6.3% in-place cap rate with compelling price-per-unit metrics. There is significant opportunity to improve asset quality, push rents, and drive meaningful appreciation. Do not disturb tenants. Buyer to obtain independent measurements and verify all information independently.

Property Features

Flooring

Hardwood,Tile,Concrete

Parking

Parking: Uncovered

Unit Breakdown

Type 1

30 bed · 22 bath · Square Feet: 14859

$27,496/mo

Total Actual Rent

$27,496/mo

Location

Estimated Monthly Payment

$20,250/mo

Down Payment$720,000 (20%)
Principal & Interest$18,259
Property Tax$1,316/mo
Insurance (est.)$675/mo
Est. Total$20,250/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2149702• Tax ID: 09-31-333-007

Courtesy of Porter Criddle, Investment Realty Advisors LLC · 801-694-5291 · porter@iraut.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

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Estimated Monthly Payment

$20,250/mo

Down Payment$720,000 (20%)
Principal & Interest$18,259
Property Tax$1,316/mo
Insurance (est.)$675/mo
Est. Total$20,250/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2149702• Tax ID: 09-31-333-007

Courtesy of Porter Criddle, Investment Realty Advisors LLC · 801-694-5291 · porter@iraut.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

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Schools

Elementary

Ensign

Middle School

Clayton

High School

West

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