1127 South Temple Apartments

Highlights:

• 7,607 SF building
• 8 units
• Fully Renovated in 2022
• Zoned RMF-35
• Potential to add more units
• Prime location

Description:

100% rented turnkey 8-unit multifamily investment located on historic South Temple. This Tudor-style property underwent a FULL renovation in 2022, including all new electrical and plumbing throughout, remodeled kitchens and bathrooms, updated cabinetry, tile backsplashes, fresh paint, and high-efficiency mini-split HVAC systems in all units. Additional third-floor studio space and basement area provide future upside potential (buyer to verify). Prime location near downtown Salt Lake City and the University of Utah with long-term rental stability. Owner/Agent.

In addition to the 8 units, there is an independent studio on the 3rd floor that could be rented separately or converted into another unit. There is also space in the basement to potentially add an additional second unit, totaling up to 10 units. Buyer to verify all. Owner/Agent

This turnkey property is an incredible investment opportunity in a prime location, just minutes from downtown and Universities.

Nestled in the heart of Salt Lake City, 1127 South Temple Apartments offer a prime location near the vibrant downtown area. Residents will enjoy easy access to a diverse array of attractions, including the nearby City Creek Center, with its upscale shops and dining options, and the historic Temple Square, a cultural and religious hub. Outdoor enthusiasts will appreciate the proximity to scenic hiking and biking trails in the surrounding mountains, while art enthusiasts can explore the nearby Utah Museum of Fine Arts. With its blend of urban amenities and natural beauty, the location offers an enticing opportunity for multifamily/low-rise/garden investors seeking to capitalize on the area's appeal.

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