679 E 2ND AVE photo 1
1 / 29
> 4 Units
$138,000 reduction
Active
166Days on Market

$1,587,000

$300/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.

$1,725,000↓$138,000 (8%)May 19

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About This Property

I'm interested

Development Opportunity: The property consists of two tax parcels totaling approximately 8,973 square feet. Historic City records indicate the parcels have functioned together to support the existing multifamily use for decades. While no representations are made regarding future development rights, investors and developers may find value in exploring redevelopment, adaptive reuse, additional housing opportunities, and other entitlement strategies subject to Salt Lake City approval. TURN-KEY investment property in the Avenues! Easy to lease and easy to manage. Scheduled annual rent and tenant paid utility income totals $109,320.00. Tenant's cover ALL utilities. Eight units: one grand 4 bd. 3 bath two level apartment (lease runs through 09/30/26), one studio/1 bd unit, six studio apartments. 97% occupancy rate. The grand unit has forced heat, central air, and has been totally remodeled. The studio/1bd. units have FANTASTIC vintage finishes - honeycomb tile, built-ins, AND modern day, economical mini-split heating and A/C. This building has been meticulously cared for and professionally managed. Do not disturb tenants - no showings prior to an accepted offer. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain independent measurements. Parcel 09-32-353-020 to the west is included in the sale and taxes for that parcel are included in estimated taxes. Buyer to verify all info.

Property Features

Heating

Electric,Forced Air

Flooring

Carpet,Tile

Laundry

Electric Dryer Hookup

Interior Features

Range: Gas

Exterior Features

Double Pane Windows,Patio: Covered,Storm Doors

Unit Breakdown

Type 1

4 bed · 3 bath · Square Feet: 2290

$2,890/mo

Type 2

1 bath · Square Feet: 160

$895/mo

Type 3

1 bath · Square Feet: 380

$845/mo

Type 4

1 bed · 1 bath · Square Feet: 480

$945/mo

Type 5

1 bath · Square Feet: 260

$915/mo

Type 6

1 bath · Square Feet: 380

$1,015/mo

Type 7

1 bath · Square Feet: 340

$895/mo

Type 8

1 bath · Square Feet: 340

$945/mo

Total Actual Rent(8 units)

$9,345/mo

Location

Estimated Monthly Payment

$8,858/mo

Down Payment$317,400 (20%)
Principal & Interest$8,049
Property Tax$511/mo
Insurance (est.)$298/mo
Est. Total$8,858/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# 2143287• Tax ID: 09-32-353-021

Courtesy of SAVANNAH CRACRAFT, Partlow Investment Properties, Inc · 801-484-4446 · savannahcracraft@gmail.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

$8,858/mo

Down Payment$317,400 (20%)
Principal & Interest$8,049
Property Tax$511/mo
Insurance (est.)$298/mo
Est. Total$8,858/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# 2143287• Tax ID: 09-32-353-021

Courtesy of SAVANNAH CRACRAFT, Partlow Investment Properties, Inc · 801-484-4446 · savannahcracraft@gmail.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

Wasatch

Middle School

Bryant

High School

West

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