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Richmond Place Apartments 1272 E Hudson Ave 16 Unit Apartment Building For Sale 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 |
$426,565
|
$43.59
|
| Other Income |
$53,580
|
$5.48
|
| Vacancy Loss |
$21,331
|
$2.18
|
| Effective Gross Income |
$458,814
|
$46.88
|
| Taxes |
$35,504
|
$3.63
|
| Operating Expenses |
$78,165
|
$7.99
|
| Total Expenses |
$113,668
|
$11.62
|
| Net Operating Income |
$345,145
|
$35.27
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $426,565 |
| Annual Per SF | $43.59 |
| Other Income (CAD) | |
|---|---|
| Annual | $53,580 |
| Annual Per SF | $5.48 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $21,331 |
| Annual Per SF | $2.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $458,814 |
| Annual Per SF | $46.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,504 |
| Annual Per SF | $3.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $78,165 |
| Annual Per SF | $7.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $113,668 |
| Annual Per SF | $11.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $345,145 |
| Annual Per SF | $35.27 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.19 AC |
| No. Units | 16 | Building Size | 9,786 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2021 |
| Zoning | CB | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.19 AC |
| Building Size | 9,786 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | CB |
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 | $2,070 CAD | 471 - 2,826 |
| 2+2 | 10 | $2,548 CAD | 696 - 6,960 |
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 16-29-280-035-0000 | Total Assessment | $7,057,127 CAD |
| Land Assessment | $888,786 CAD | Annual Taxes | $35,504 CAD ($3.63 CAD/SF) |
| Improvements Assessment | $6,168,341 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
16-29-280-035-0000
Land Assessment
$888,786 CAD
Improvements Assessment
$6,168,341 CAD
Total Assessment
$7,057,127 CAD
Annual Taxes
$35,504 CAD ($3.63 CAD/SF)
Tax Year
2025
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Richmond Place Apartments | 1272 E Hudson Ave
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