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227 N Spencer Ct #Qgspqgmhp, Salt Lake City, UT, 84103

30beds
22baths
13,866sqft
$3,599,999
$260price/sqft
$21,371/moest. monthly cost
$854,840/yrincome needed

About This Home

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.

Getting Around

74
WalkingVery Walkable
62
TransitGood Transit
71
BikeVery Bikeable

Schools

8/10
Ensign SchoolGrades PK-61.2 mi
5/10
West High SchoolGrades 7-120.8 mi

Construction

Condition

  • Property condition: Blt./Standing
  • Year built: 1916

Materials

  • Roof: Asphalt,Membrane
  • Construction materials: Brick,Stucco

Notable Dates

  • Major remodel year: 2010

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 30
  • Bathrooms: 22

Features

  • Window features: Blinds
  • Flooring: Hardwood,Tile,Concrete

Interior Area

  • Total structure area: 13,866
  • Total interior livable area: 13,866 sqft

Property

Details

  • Parcel number: 0931333007
  • Zoning: SR-1A
  • Zoning description: Multi-Family

Features

  • Has view: Yes
  • View description: Mountain(s)
  • Residential vegetation: Mature Trees

Lot

  • Lot size: 0.58 Acres
  • Lot size dimensions: 0.0 x 0.0 x 0.0

Parking

  • Total spaces: 1
  • Parking features: Open
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 1