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Utah
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Salt Lake City
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84101
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Capitol Hill
City Creek Manor - 211 W 500 N, Salt Lake City, UT 84103
For Sale
For Sale
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Year Built
1905
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Total Building Size
5,542 RSF
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Overview
The Marmalade District is named after the jam made from the many fruit trees that line the streets. As one of the oldest districts in Salt Lake City, this area of West Capitol Hill has some of the richest character and history in the city. Located just north of downtown, the Marmalade District remains a strong community of professionals who work in the city or take the nearby train to other locations in the valley. Salt Lake City is ranked #20 by Forbes as a best place for a business and career. With a high median household income of $71,389 and an unemployment rate of 3%, Salt Lake City remains a strong market with great underlying demographics. Easy access to outdoor amenities in the Wasatch Front and Park City, as well as a rich sports culture with the Utah Jazz and University of Utah sports teams, and night life make Salt Lake City an attractive place to live. This turnkey 7-Plex in the Marmalade district is a rare find for Salt Lake City investors. The property is located close to I-15 exits and is walking distance to downtown and TRAX/Frontrunner stations. Recent upgrades include appliance packages, roof repairs, pipe replacements, foundation work, and other interior renovations. The property used to be LDSBC student housing and is being converted to market rate housing. Loan terms provided by Steve Lowell, Managing Director of Capital Markets at The Yellowstone Group (steve@tygcre.com) Listed square footage amounts are estimates and are to be confirmed by buyer.
Property Details
The Marmalade District is named after the jam made from the many fruit trees that line the streets. As one of the oldest districts in Salt Lake City, this area of West Capitol Hill has some of the richest character and history in the city. Located just north of downtown, the Marmalade District remains a strong community of professionals who work in the city or take the nearby train to other locations in the valley. Salt Lake City is ranked #20 by Forbes as a best place for a business and career. With a high median household income of $71,389 and an unemployment rate of 3%, Salt Lake City remains a strong market with great underlying demographics. Easy access to outdoor amenities in the Wasatch Front and Park City, as well as a rich sports culture with the Utah Jazz and University of Utah sports teams, and night life make Salt Lake City an attractive place to live. This turnkey 7-Plex in the Marmalade district is a rare find for Salt Lake City investors. The property is located close to I-15 exits and is walking distance to downtown and TRAX/Frontrunner stations. Recent upgrades include appliance packages, roof repairs, pipe replacements, foundation work, and other interior renovations. The property used to be LDSBC student housing and is being converted to market rate housing. Loan terms provided by Steve Lowell, Managing Director of Capital Markets at The Yellowstone Group (steve@tygcre.com) Listed square footage amounts are estimates and are to be confirmed by buyer.
- Property TypeMulti-Family
- Submarket
- Year Built1905
- Sale Price$1,375,000
- Total Building Size5,542RSF
- Total Acres0.14
- Sale StatusAvailable
- Property ID2122512