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5-Plex Right Next To The U of U! Available

  • $1,050,000
  • 11 beds
  • 5 baths
  • 5,047 sqft

5 Plex Apartment complex RIGHT NEXT to the U of U! Tons of Parking with a pull through garage & HUGE Driveway. The property has 6 power meters and front & alleyway access from the back. This property has tons of potential and & ARV is up to $1.6 Million. Unit Set Up: Two – 3 Bed Units. Two – 2 Bed Units. One – 1 Bed Units. Some work needs to be completed or closed in to have this set up. Projected Rents with needed updates: 2 – 2 Bed & 1 Bath Units at $2,000 a month 2 – 3 Bed & 1 Bath Unit at $2,500 a month. 1 – 1 Bed & 1 Bath Unit at $1,500 a month. = $10,500 a month in Rents.  Contact Cameron for more info at 385-213-2583.

SELLWISE LLC IS EXPLORING ALL OPTIONS WITH THIS PURCHASE AGREEMENT. AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THE PROPERTY OR PARTNERING ON THE PURCHASE OF THE PROPERTY. WE MAY NOT OWN THIS HOME. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY, BUYER TO VERIFY ALL INFO.

We do not authorize any other person or company to market this contract without our consent.
Bryan Martineau, principle of the company who owns this property or contract, is a licensed agent with Connect Fast Realty, LLC

Price:
$1,050,000
Address:
241 S 1200 E
Salt Lake City, UT 84102
Square Feet:
5,047
Lot Size:
0.16
Bedrooms:
11
Bathrooms:
5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1912

Additional Features

Contract Terms - As-Is condition. - Settlement Deadline: September 25th, 2025 - Cash Buyers (Cash or Private/Hard Money) who can close quickly are preferred. - Buyer to pay both sides of closing costs. - We love working with agents who can bring us a buyer. Add your commission on top of the purchase price. - Text Cameron for more info at 385-213-2583 Deadlines - Walkthrough: September 19th Call/Text for Time - Due Diligence Deadline: September 22nd, 2025 - Offer Deadline: September 22nd, 2025 12:00 PM - Non-refundable earnest-money deposit of $10,000 must be sent by 5:00 PM on Offer Deadline date. - ALL DUE DILIGENCE TO BE COMPLETED PRIOR TO MAKING AN OFFER

Call (801) 701-8593 for more details

Property Location