895 Arrowhead LnSalt Lake City, UT 84107

Property Details for 895 Arrowhead Ln

Year built

1968

Lot size

0.23 AC

Property size (Sq ft)

5,100 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6594

Longitude

-111.866

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