643 700th E Salt Lake City, UT 84102-3497

This stabilized multifamily investment property, located at 643 S 700 E in Salt Lake City, UT 84102, presents a compelling opportunity. The property consists of two buildings, each two stories, totaling 3,460 square feet of net rentable space across five units. Built in 1891 and extensively renovated in 2018, the property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $93,792, resulting in a 4.40% capitalization rate. The asking price is $1,500,000. Situated on a 0.14-acre lot, the property includes five parking spaces and is zoned RMF-30. The property's prime location offers convenient access to key amenities and transportation links within Salt Lake City. This is an exceptional opportunity for investors seeking a high-performing asset with significant income potential in a thriving urban market. The property's strong performance and desirable location make it an ideal addition to any investment portfolio. Parcel numbers are 16-05-355-008 and 16-05-355-009.