$ 1,940,000
-
$1,940,000
Price -
10
Bed -
15
Bath -
8,513
SqFt
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About the Listing 99000766 - 1319150,4024637
Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). This historic 1905 trophy asset offers massive, immediate upside. Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. Current average rents are significantly below market (Studios averaging $560/mo; 1-Bedrooms averaging $882/mo), providing a clear and proven path to aggressive revenue growth. -------------- The heavy lifting has already been completed with over $62,000 in recent CapEx, including a $32,000 driveway replacement, a $22,000 electrical upgrade, and an $8,000 new porch. Situated on a 0.39-acre corner lot with a 74 Walk Score, the property is perfectly positioned just 1.3 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLC's highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.
Interior Details
- Bedrooms: 10
- Bathrooms: 15 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Road: Paved,Sidewalks,Terrain: Grad Slope,View: Mountain,View: Valley
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 0.0x0.0x0.0
- Zoning: SR-1A
- Roof: Asphalt
- Others: Blt./Standing
- Sewer: Sewer: Connected
- Parking Features: Covered
Financial Details
- Tax Amount: $15,792
- Taxes w/Assessments: N/A
- Tax/Property ID: 09-32-353-023
- Tax Year: N/A
Payment Calculator
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119 K St Salt Lake City, UT 84103
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