2689 S 500 E photo 1
1 / 66
> 4 Units
Active
2Days on Market

$5,899,000

$392/sqft+2.9%/yrHome values in the 84106 zip code have grown an average of 2.9% per year over the last 5 years.
Walk-Out BasementCorner Lot

Price history — protected

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About This Property

I'm interested

The Harvey presents a rare opportunity to acquire 12 units in a newly built, Class A 1-unit multi-family asset in the thriving Sugar House submarket of Salt Lake City. Luxury finishes and high-quality construction. Unit Mix: 5 Brownstone Units w/ separate walk-out basement 4 Penthouse condos (ADA adaptive) 3 Garden-style townhomes 12 covered carport spaces, dedicated bike parking, elevator, interior mail delivery, All-electric building, gypcrete sound insulation, zoned mini-split HVAC, fire sprinklers, Panasonic WhisperGreen ventilation, Google Fiber, skylights for natural light, Modern systems and energy-efficient design reduce near-term maintenance and operating costs. Situated in Sugar House, one of Salt Lake City's strongest rental and owner-occupant markets with robust demand and low vacancy. All condos/townhomes are separately parceled. There is currently a commercial condo available for purchase in addition to the 12 residential units, the commercial space is not included in the multi-unit sale and is platted as a separate parcel.

Property Features

Heating

Heat Pump

Flooring

Carpet,Tile

Laundry

Electric Dryer Hookup

Interior Features

Alarm: Fire,Bath: Primary,Bath: Sep. Tub/Shower,Disposal,Kitchen: Updated,Range/Oven: Free Stdng.,Dishwasher: Built-In

Exterior Features

Balcony,Deck; Covered,Double Pane Windows,Lighting,Secured Building,Skylights

Parking

Covered

HOA Details

HOA Fee$1/Monthly

Unit Breakdown

Type 1

2 bed · 3 bath · Square Feet: 1196

$2,900/mo

Type 2

3 bed · 4 bath · Square Feet: 1677

$3,500/mo

Type 3

1 bed · 1 bath · Square Feet: 662

$2,100/mo

Type 4

2 bed · 1 bath · Square Feet: 888

$2,600/mo

Type 5

2 bed · 3 bath · Square Feet: 1150

$2,900/mo

Type 6

2 bed · 3 bath · Square Feet: 1148

$2,900/mo

Type 7

3 bed · 4 bath · Square Feet: 1677

$3,500/mo

Type 8

3 bed · 4 bath · Square Feet: 1713

$3,500/mo

Type 9

2 bed · 1 bath · Square Feet: 891

$2,500/mo

Type 10

1 bed · 1 bath · Square Feet: 702

$2,100/mo

Type 11

3 bed · 4 bath · Square Feet: 1677

$3,500/mo

Type 12

3 bed · 4 bath · Square Feet: 1677

$3,500/mo

Total Actual Rent(12 units)

$35,500/mo

Location

Estimated Monthly Payment

$31,685/mo

Down Payment$1,179,800 (20%)
Principal & Interest$29,919
Property Tax$659/mo
Insurance (est.)$1,106/mo
HOA$1/mo
Est. Total$31,685/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.

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MLS# 2180833• Tax ID: 16-19-476-059

Courtesy of Cherie M Major, Christie's International Real Estate VUE (Christies VUE Salt Lake) · 801-557-5627 · cherie@cheriemajor.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

$31,685/mo

Down Payment$1,179,800 (20%)
Principal & Interest$29,919
Property Tax$659/mo
Insurance (est.)$1,106/mo
HOA$1/mo
Est. Total$31,685/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# 2180833• Tax ID: 16-19-476-059

Courtesy of Cherie M Major, Christie's International Real Estate VUE (Christies VUE Salt Lake) · 801-557-5627 · cherie@cheriemajor.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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Nibley Park

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Nibley Park

High School

Highland

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