2722 Edison StSouth Salt Lake, UT 84115

Property Details for 2722 Edison St

Year built

1984

Lot size

0.69 AC

Property type

Apartment buildings

Description

This exceptional 11-unit apartment building, situated on a 0.69-acre lot in South Salt Lake, Utah (APN: 16-19-363-012), presents a compelling value-add opportunity. The property, comprised of three, two-story buildings totaling 14,025 net rentable square feet, was constructed in 1984 and is zoned CC. Currently boasting a 6.96% pro-forma cap rate and a $187,873 pro-forma NOI, this investment offers significant potential for increased profitability. Located at 2722 S Edison St, 84115, the property benefits from its convenient proximity to I-15 and Murray Central Station, providing residents easy access to downtown Salt Lake City (a mere 12-minute drive) and numerous outdoor recreational opportunities. The asking price is $2,700,000, translating to $245,454.55 per unit. This property is an excellent investment in a thriving market characterized by strong population growth, high rates of college graduates, and robust job creation, making it an attractive acquisition for discerning investors. The property's strong location and value-add potential make it a rare opportunity in the Salt Lake City multifamily market.

Location Insight

City

South Salt Lake

County

Salt Lake

State

Utah

Latitude

40.7118

Longitude

-111.887

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].