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  • Just Listed Sixplex with 6.74% Cap Rate

Just Listed Sixplex with 6.74% Cap Rate

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Written by Cory Waddoups
Category: InvestmentWatch
Published: 10 February 2015
Hits: 1856

AAvailable for sale is the Reddy Apartments located at 1071 W 700 S in Salt Lake City, Utah. This property has been well maintained and managed by the owner for years. Recent capital improvements include a new roof and new windows. Tenants are able to walk to the Jordan River trail and the subject is located across from a police station. There is ample off-street parking as well as additional street parking. All six units are currently rented at $650 per month. Tenants pay their own gas and power. This marketing brochure has been prepared to provide summary data on the subject property and does not substitute thorough due diligence investigation. Although every effort is made to ensure the reliability of this data, no warranty or representation of any kind is made to the accuracy of the information contained herein.

Offered at $479,900
1071 W 700 S SALT LAKE CITY,
UTAH 84106
MLS# 1276634

  • Six Units
  • 695 Square Feet Each
  • Separate Gas and Power Meters
  • Close Proximity to Police Station
  • Close Proximity to Jordan River Trail
  • Gross Scheduled Income - $46,000
  • Always Full - Easy to Rent
  • Single-Level Living
  • 6.74% Cap Rate Including Vacancy and Management

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