Do Not Disturb Tenants. Offering includes 4 beautiful buildings full of historic charm in a premium location adjacent to the University of Utah. There are a total of 7 rental units. Annual rents over $162,000, Net Operating Income (NOI) $121,000, priced at 4.1% Cap Rate. Apartments are updated with hardwood floors, granite counters, nice appliances and LED lighting throughout. 100% occupied, never a vacancy. Includes 14 off-street parking spaces. Properties are adjoining, with 2 buildings located on 300 South, and 2 buildings located on 1300 East. There are a total of 4 parcels included in this offering. 311 S 1300 East, Salt Lake City 84102 - 4-5 bedroom, 2 bath single family home 309 S 1300 East, Salt Lake City 84102 - duplex with 2 studio apartments 1314 E 300 South, Salt Lake City 84102 - duplex with one 4 bed/ 3 bath, and one 2 bed/2bath apartment 1318/1320 E 300 South, Salt Lake City 84102 - duplex with one 2 bed/2 bath, and one 1 bed/1 bath apartment Some units have their own laundry, and other units utilize access-controlled shared laundry room with 2 sets of commercial coin-operated laundry machines. Square footage listed based on county records, buyer to verify all. Tenants have been 100% current with rents throughout COVID. Willing to pay Buyer's Agent Commission, please specify with your offer.
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