sugarhouse luxury apartments 4 beds 3.5 baths
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SUGARHOUSE LUXURY APARTMENTS
4 BEDS3.5 BATHSFULL 2 CAR GARAGE
2,500 SQ FT PER UNITProperty InfoSALE PRICE:$4,995,000CAP RATE: 4.8%UNIT MIX: 8 UNITS 4/3.5SQ FT: 20,000SITE: .49 ACREAGE: BUILT 2018ZONING: RMF 35
Tree Fort Realty Copyright 2018. No Warranty or representation, express or implied, is made to the accuracy or completeness of the information herein, and same is submitted subject to errors. Omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
John Maxim, Principal BrokerPhone:801-541-0849Mobile:[email protected]
READY October31st 2018
620 EAST 1700 SOUTH SALT LAKE CITY, UT 84105
INCOME STATEMENT PROFORMA
Tree Fort Realty Copyright 2018. No Warranty or representation, express or implied, is made to the accuracy or completeness of the information herein, and same is submitted subject to errors. Omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
John Maxim, Principal BrokerPhone:801-541-0849Mobile:[email protected]
BASE RENT $276,000 ($1.15/SQFT AVG)
OTHER INCOME $18,000 XTRA PARKING, PETS, ETC)
SUBTOTAL $291,000VACANCY CONCESSIONS ($8,280) 3%
GROSS OPERATING INCOME $285,720
EXPENSES
TOTAL ESTIMATED EXPENSES $(47,605.30)
NET OPERATING INCOME 238,069,70
SUGARHOUSE LUXURY APARTMENTS620 EAST 1700 SOUTH SALT LAKE CITY, UT 84105
This is the ONLY 4 bed/4 bath LUXURYapartment complex in the area. The apartment is under construction with estimated completion date and certificate of occupancy approximately October 15th, 2018, Buyer can elect to have current owner rent all units and make closing contingent upon fully rented complex, or may elect to rent units inhouse at higher rental rates as $1.15 per Sq is well under average rates for the Sugarhouse, Downtown Salt Lake City market.
Tree Fort Realty Copyright 2018. No Warranty or representation, express or implied, is made to the accuracy or completeness of the information herein, and same is submitted subject to errors. Omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FLOOR PLAN – 4 BEDS – 3.5 BATHS – 2 CAR GARAGE – 2 BALCONIES – BACKYARD PATIO
Ground Level 522 Sq Ft Avg Main Level 977 Sq Ft Avg Upper Level 983 Sq Ft Avg
John Maxim, Principal BrokerPhone:801-541-0849Mobile:[email protected]
SUGARHOUSE LUXURY APARTMENTS620 EAST 1700 SOUTH SALT LAKE CITY, UT 84105
Tree Fort Realty Copyright 2018. No Warranty or representation, express or implied, is made to the accuracy or completeness of the information herein, and same is submitted subject to errors. Omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
John Maxim, Principal BrokerPhone:801-541-0849Mobile:[email protected]
SUGARHOUSE LUXURY APARTMENTS620 EAST 1700 SOUTH SALT LAKE CITY, UT 84105
LUXURY FEATURES PER UNIT
• Modern Look & Feel• 4 bedrooms• 3.5 baths• 2,481 Average Sq Ft • 2 Car Garage• Backyard Patio• 2 Walkout Balconies• Mountain Views• Iron Railings• White Oak Hardwood floors• Central AC• Black Stainless Dishwasher• Black Stainless Gas Oven & Range• Black Stainless Microwave• Black Stainless Smart Fridge• Nest Smart Doorbells• Nest Smart Smoke Detectors• Nest Smart Thermostats• Upgraded Carpet• Mission Stone• Quartz Countertops• 2 Walk in Closets in Master• Butlers Pantry in Kitchen• Washer & Dryer hookups• Ceiling Fan• Cable Ready• Huge Kitchen• Huge Family Room