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221 N 600 W - Value-Add: 3 SF HOMES, 1 DUPLEX (Salt Lake) 5 Unit Apartment Building Offered at $1,786,005 CAD Salt Lake City, UT 84116
INVESTMENT HIGHLIGHTS
- Underperforming rents-month to month leases
- Opportunity to work with the city to plat subdivision and individually sell assets
- Value add Single Family homes and Duplex
- Convenient location to downtown
EXECUTIVE SUMMARY
Below-Market Rental Portfolio with Value-Add Upside: Salt Lake City
Graystone Capital Advisors is pleased to present 221 N 600 W, a cash-flowing, value-add investment opportunity in a prime Salt Lake City location.
This offering comprises 0.41 acres on a single parcel featuring five residential rental units—three single-family homes and one duplex, currently generating $4,650 in monthly revenue (well below market). All units are leased month-to-month with rents significantly below market rates, presenting substantial upside potential through strategic
improvements and rent optimization.
Proforma financial estimates considering post renovation rental. Several scenarios exist, perhaps the most lucrative being individual sale of assets after implementing a subdivision plat with the city.
Rent/Renovation Upside:
The five existing units are leased month-to-month at rates below market, presenting upside opportunity through strategic renovations and rent optimization. With capital improvements, the property can command market-rate rents while attracting higher-quality tenants. The flexible lease structure allows for immediate implementation of a phased value-add strategy, enabling investors to systematically increase cash flow with minimal vacancy risk.
*Home Sale Comps Available in deal room.
Graystone Capital Advisors is pleased to present 221 N 600 W, a cash-flowing, value-add investment opportunity in a prime Salt Lake City location.
This offering comprises 0.41 acres on a single parcel featuring five residential rental units—three single-family homes and one duplex, currently generating $4,650 in monthly revenue (well below market). All units are leased month-to-month with rents significantly below market rates, presenting substantial upside potential through strategic
improvements and rent optimization.
Proforma financial estimates considering post renovation rental. Several scenarios exist, perhaps the most lucrative being individual sale of assets after implementing a subdivision plat with the city.
Rent/Renovation Upside:
The five existing units are leased month-to-month at rates below market, presenting upside opportunity through strategic renovations and rent optimization. With capital improvements, the property can command market-rate rents while attracting higher-quality tenants. The flexible lease structure allows for immediate implementation of a phased value-add strategy, enabling investors to systematically increase cash flow with minimal vacancy risk.
*Home Sale Comps Available in deal room.
DATA ROOM Click Here to Access
- Offering Memorandum
- Title and Insurance
- Miscellaneous
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 1 | - | 992 - 1,097 |
| 3+1 | 1 | - | 1,708 |
| 3+1.5 | 1 | - | 1,097 |
| 2+1 | 1 | - | 1,097 |
1 1
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 08-36-304-032-0000 | Total Assessment | $980,913 CAD (2025) |
| Land Assessment | $260,060 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $720,853 CAD (2025) | Tax Year | 2026 Payable 2026 |
PROPERTY TAXES
Parcel Number
08-36-304-032-0000
Land Assessment
$260,060 CAD (2025)
Improvements Assessment
$720,853 CAD (2025)
Total Assessment
$980,913 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2026
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221 N 600 W - Value-Add: 3 SF HOMES, 1 DUPLEX (Salt Lake)
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