157 South 800 East

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157 South 800 East

Salt Lake City, UT 84102
Asking Price
$875K
Cap Rate
4.5%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Currently a Boarding House, could Be a Hostel or a Group home facility. Properly licensed <p>RENTS ARE LOW! IN MANY CASES THEY HAVE NOT BEEN RAISED IN 5 YEARS PLUS The property was originally designed and built as an elderly care facility. For th past 30 plus years it has been licensed and operated as a boarding home. There is a two bedroom and one bath apartment on the main floor and a one bedroom one bath apartment on the main floor. The 2nd floor has 8 one room units that are individually leased out. tenants are typically long term ranging from 1 year to 20 plus years. The second

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NOI
$80,000
Cap Rate
9.14%
DSCR
1.54
Strong
Cash-on-Cash
10.69%
Monthly Payment
$4,329.023
Annual Cash Flow
$28,051.729

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