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Richmond Place Apartments 1272 E Hudson Ave 16 Unit Apartment Building $6,370,785 CAD ($398,174 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 |
$432,619
|
$44.21
|
| Other Income |
$54,340
|
$5.55
|
| Vacancy Loss |
$21,634
|
$2.21
|
| Effective Gross Income |
$465,325
|
$47.55
|
| Taxes |
$36,008
|
$3.68
|
| Operating Expenses |
$79,274
|
$8.10
|
| Total Expenses |
$115,281
|
$11.78
|
| Net Operating Income |
$350,043
|
$35.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $432,619 |
| Annual Per SF | $44.21 |
| Other Income (CAD) | |
|---|---|
| Annual | $54,340 |
| Annual Per SF | $5.55 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $21,634 |
| Annual Per SF | $2.21 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $465,325 |
| Annual Per SF | $47.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $36,008 |
| Annual Per SF | $3.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $79,274 |
| Annual Per SF | $8.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $115,281 |
| Annual Per SF | $11.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $350,043 |
| Annual Per SF | $35.77 |
Property Facts
| Price | $6,370,785 CAD | Building Class | C |
| Price Per Unit | $398,174 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 | $6,370,785 CAD |
| Price Per Unit | $398,174 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 | $2,100 CAD | 471 - 2,826 |
| 2+2 | 10 | $2,584 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 | $7,003,077 CAD |
| Land Assessment | $881,979 CAD | Annual Taxes | $36,008 CAD ($3.68 CAD/SF) |
| Improvements Assessment | $6,121,098 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-29-280-035-0000
Land Assessment
$881,979 CAD
Improvements Assessment
$6,121,098 CAD
Total Assessment
$7,003,077 CAD
Annual Taxes
$36,008 CAD ($3.68 CAD/SF)
Tax Year
2025
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Richmond Place Apartments | 1272 E Hudson Ave
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