Park Manor Apartments - 841 E 500 S, Salt Lake City, UT 84102

Cap Rate: 4.60%

NOI: $207,641

Situated in the hub of rapid redevelopments along the 900 South/Liberty Park Corridor now known as the “9 Line Redevelopment Corridor” in Salt Lake City, Park Manor is a historic gem in this hip, desirable destination neighborhood.​ Constructed in 1931 by developer A.​E.​ Jorgensen, the newly renovated Park Manor offers exemplary English Tudor architectural features and new mid-century modern upgraded finishes.​ These factors make it stand out to renters in a desirable submarket mostly dominated by 1960s- and 1970s-style architecture.​

Fully renovated in 2019, Park Manor is like a new building in a historic shell and offers spacious Studio, 1-Bedroom, and 2-Bedroom floor plans averaging 631 square feet.​ All floor plans at Park Manor are accessed through interior stairwells which are very large, bright, and convenient.​ Most floor plans at Park Manor have two entrances which access the living area as well as the kitchen.​

Each floor plan includes original features such as the original wood, divided-light windows and doors, internal floor plans, large kitchen, arched openings, and many original built-in phone nooks and cabinets.​ The interior design of each dwelling unit takes advantage of large windows, private balconies, and abundant natural light.​

The location of Park Manor is outstanding.​ The community is situated one-half block from historic Liberty Park and the transformed 900 South retail corridor which includes some of Utah’s best restaurants, shopping, and personal care services.​ This hip neighborhood has been named the #1 Best Neighborhood in Salt Lake City for Young Professionals by Niche.​com and a walk/ bike scores of 82/98, respectively, make Park Manor the place to be.​