1539 Roberta St Salt Lake City, UT 84115

This exceptional investment opportunity presents a well-maintained, five-unit apartment building situated in the desirable Liberty Wells neighborhood of Salt Lake City, Utah. The property, built in 1964, boasts a total of 7,405 square feet, with 4,664 square feet of net rentable space. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $63,904, representing a 5.39% cap rate. Pro-forma projections indicate a potential NOI of $84,265 and a 7.11% cap rate, showcasing significant upside potential. Each of the five units features two bedrooms and one bathroom, with three units recently renovated. Modern mini-split AC units ensure year-round tenant comfort. Convenient off-street parking and a coin-operated laundry facility add to the property's appeal. The 0.17-acre lot is located at 1539 Roberta St, Salt Lake City, UT 84115 (APN: 16-18-178-009-0000). The property's prime location, minutes from downtown Salt Lake City, offers easy access to the city's vibrant amenities while maintaining a tranquil residential atmosphere. High rental demand, fueled by proximity to downtown and the University of Utah, ensures consistent rental income and low vacancy rates. The property is well-maintained, minimizing immediate repair costs and maximizing long-term value. This is a turnkey investment with strong potential for appreciation and cash flow. The asking price is $1,185,000, or $237,000 per unit, and the price per square foot is $160.03. The property is a two-story building on a single lot.