Salt Lake City, UT 84102 1162 E 400 S
$2,500,000
9 more
Presented By: Investment Realty Advisors LLC - 435-485-7070
Beds • 16
Baths • 8
SQFT • 9,563
Garage • 2
Home Details
**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.
Presented By: Investment Realty Advisors LLC - 435-485-7070
Interior Features for 1162 E 400 S
Bedrooms
Total Bedrooms16
Bathrooms
1/2 Baths0
Total Baths8
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCarpet, Laminate, Vinyl
Heating Y/NYes
Interior AmenitiesDisposal, Range/Oven: Free Stdng.
Window FeaturesBlinds
General for 1162 E 400 S
Architectural StyleStories: 3
Attached Garage No
Carport Spaces8.0
Carport Y/NYes
CitySalt Lake City
Construction MaterialsBrick
CountySalt Lake
Current UseResidential
Elementary SchoolBennion (M Lynn)
Elementary School DistrictSalt Lake
Garage Spaces2.0
Garage Y/NYes
HOANo
HeatingGas: Central
High SchoolEast
High School DistrictSalt Lake
Home Warranty Y/NNo
Lease Considered Y/NNo
Listing TermsCash, Conventional, Exchange
Living Area UnitsSquare Feet
Lot Size Square Feet11761.2
Lot Size UnitsAcres
MLS AreaSalt Lake City; So. Salt Lake
Middle/Junior High SchoolBryant
Middle/Junior School DistrictSalt Lake
Mobile Length
Mobile Width0
ModificationTimestamp2025-04-24T17:18:50Z
New ConstructionNo
Number Of Units Total8
Open Parking Spaces2.0
OwnershipAgent Owned
PostalCitySalt Lake City
Property Attached Y/NNo
Property ConditionBlt./Standing
Property Subtype> 4 Units
Property TypeResidential
RoofMembrane
Senior Community Y/NNo
SewerSewer: Connected
Standard StatusActive
StatusActive
Stories0
Subdivision NamePLAT F
Tax Annual Amount11645.0
TopographySidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
Total Rooms0
UtilitiesNatural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
ViewMountain(s)
Waterfront Y/NNo
Year Built1973
ZoningMulti-Family
Zoning DescriptionR-2
Exterior for 1162 E 400 S
Building Area Total9563.0
Covered Spaces10.0
Frontage Length0.0
Horse Y/NNo
InclusionsMicrowave, Range, Refrigerator
Lot Dimensions0.0x0.0x0.0
Lot FeaturesSidewalks, Sprinkler: Auto-Full, View: Mountain
Lot Size Acres0.27
Lot Size Area0.27
Open Parking Y/NNo
Parking FeaturesCovered
Private PoolNo
RV Parking Dimensions0.00
SpaNo
Total Parking12.0
VegetationLandscaping: Full
Additional Details
Price History
Schools
High School
East High School
Middle School
Bryant Middle School
Elementary School
Bennion (M Lynn) Elementary School
Jesus Yerena Delgado
Agent