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Richmond Place Apartments 1272 E Hudson Ave 16 Unit Apartment Building $6,191,190 CAD ($386,949 CAD/Unit) Salt Lake City, UT 84106
Investment Highlights
- 100% Occupied
- Spacious kitchen with stainless-steel and quartz countertops
- Controlled building access
- Close to Harmon's and Whole Foods
- Carpeted hallways
Executive Summary
Berkadia Salt Lake City Investment Sales is pleased to present Richmond Place Apartments, a rare investment opportunity located near Sugar House, Utah. This premier east side property features 16 units, including 6 one-bedroom, one-bathroom homes and 10 two-bedroom, two-bathroom homes, with sizes ranging from 471 to 696 square feet. These well-designed apartments boast stainless-steel appliances and quartz countertops, with select units offering a private garage or balcony. This is an exceptional chance to invest in a sought-after location with high-quality amenities.
Can be purchased with the neighboring Richmond Place Townhomes.
Can be purchased with the neighboring Richmond Place Townhomes.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$420,423
|
$42.96
|
| Other Income |
$52,808
|
$5.40
|
| Vacancy Loss |
$21,024
|
$2.15
|
| Effective Gross Income |
$452,207
|
$46.21
|
| Taxes |
$34,993
|
$3.58
|
| Operating Expenses |
$77,039
|
$7.87
|
| Total Expenses |
$112,032
|
$11.45
|
| Net Operating Income |
$340,176
|
$34.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $420,423 |
| Annual Per SF | $42.96 |
| Other Income (CAD) | |
|---|---|
| Annual | $52,808 |
| Annual Per SF | $5.40 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $21,024 |
| Annual Per SF | $2.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $452,207 |
| Annual Per SF | $46.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,993 |
| Annual Per SF | $3.58 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $77,039 |
| Annual Per SF | $7.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $112,032 |
| Annual Per SF | $11.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $340,176 |
| Annual Per SF | $34.76 |
Property Facts
| Price | $6,191,190 CAD | Building Class | C |
| Price Per Unit | $386,949 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 9,786 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Garden | ||
| Zoning | CB - CB Zoning | ||
| Price | $6,191,190 CAD |
| Price Per Unit | $386,949 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,786 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | CB - CB Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- High Speed Internet Access
- Stainless Steel Appliances
- Carpet
- Double Pane Windows
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,040 CAD | 471 - 2,826 |
| 2+2 | 10 | $2,511 CAD | 696 - 6,960 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-29-280-035-0000 | Total Assessment | $6,821,106 CAD |
| Land Assessment | $859,061 CAD | Annual Taxes | $34,993 CAD ($3.58 CAD/SF) |
| Improvements Assessment | $5,962,045 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-29-280-035-0000
Land Assessment
$859,061 CAD
Improvements Assessment
$5,962,045 CAD
Total Assessment
$6,821,106 CAD
Annual Taxes
$34,993 CAD ($3.58 CAD/SF)
Tax Year
2025
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Richmond Place Apartments | 1272 E Hudson Ave
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