For Sale
$1,499,900

895 Arrowhead LnSalt Lake City, UT 84107

Six-unit apartment building, strong income.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a six-unit apartment building located at 895 E Arrowhead Ln, Salt Lake City, UT 84107. The property, built in 1968, comprises a two-story brick building totaling 5,100 square feet on a 0.23-acre lot. Currently generating over $110,000 in gross annual income, this property offers significant potential for increased profitability. Four of the six spacious two-bedroom, one-bathroom units have been recently updated, while two units remain unrenovated, presenting a clear path to value enhancement through further upgrades and subsequent rent increases. Each unit includes in-unit laundry, and ample parking is available on-site, along with small storage units. The property is zoned for multi-family use and short-term rentals, adding to its versatility. The asking price is $1,499,900, translating to $249,983.33 per unit and $294.10 per square foot. This property is an excellent addition to any investment portfolio, and 1031 exchanges are welcome. Please note that showings will only be conducted after an accepted offer has been received. Tenant privacy must be respected; please do not disturb the occupants. The property's APN is 22-08-326-014.

Highlights

  • $1,499,900 asking price for a six-unit apartment building.
  • 5,100 square feet, priced at $294.10 per square foot.
  • Six units, each priced at $249,983.33.
  • Built in 1968, this two-story building sits on a 0.23-acre lot.
  • Located at 895 E Arrowhead Ln, Salt Lake City, UT 84107 (APN: 22-08-326-014).
  • Multi-family zoning, short-term rentals permitted.

Property Details for 895 Arrowhead Ln

Property type
Apartment buildings
Square Feet
5,100 SF
Year Built
1968
Buildings
1
Stories
2
Lot Size (sq. ft)
10,019 SF
Units
6

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.65943106
Longitude
-111.86624368
895 Arrowhead Ln, Salt Lake City, Utah

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895 Arrowhead Ln
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