227 N E Spencer Ct

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227 N E Spencer Ct

Salt Lake City, UT 84103
Asking Price
$3.60M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Salt Lake City
  • Asset is situated at 227 N E Spencer Ct in Utah
  • Asking price for this investment property is 3,599,999 dollars
  • Located in a region with robust employment and economic growth
  • Residential building suitable for long-term investment and rental operations

What's Special

Investors seeking to expand their holdings in Salt Lake City should consider this multifamily apartment building located at 227 N E Spencer Ct. The property serves as a stable residential asset within a region known for its sustained population growth and diversified economic base. Its positioning within the urban core provides residents with convenient access to major employment hubs and regional transit networks. This asset type is suitable for long-term hold strategies or as a value-add addition to a residential investment portfolio. The Salt Lake City market continues to attract a steady influx of professionals, supporting demand for well-located apartment housing. Given the current density and local demographics, the building is positioned to cater to a demographic that prioritizes access to the city’s services, recreational amenities, and business centers. This acquisition represents a strategic entry point for those targeting the mountain west rental market.

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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.831
Annual Cash Flow
$-133,729.97

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