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400 700 S 12 Unit Apartment Building Offered at $5,819,898 CAD at a 5.43% Cap Rate Salt Lake City, UT 84111
Investment Highlights
- Central City Location — Strategic Midpoint Between Downtown SLC and the University of Utah
- 2022 Renovation Program — Reduced Near-Term Capex Risk
- Portfolio Scale with Management Efficiency — 11 Residential Units Plus One Commercial Tenant
- Ideal Tenant Profile — Young, Educated, Renter-Heavy 84111 Zip Code
- Durable Commercial Anchor — Existing Lease Providing Predictable Income
- Residential Amenities and Urban Walkability Supporting Tenant Retention
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire 700 E 400 S, a cohesive, income-producing portfolio in Salt Lake City's Central City neighborhood comprised of 11 residential units (5 duplexes + 1 SFR) and one commercial/retail building. Occupying a combined 0.57-acre site zoned RMF-35, the portfolio sits at a strategic midpoint between Downtown Salt Lake City and the University of Utah campus — placing it directly in the path of the city's strongest rental demand drivers. The residential units benefitted from a meaningful 2022 renovation program addressing kitchens, baths, roofs, siding, and windows, materially reducing near-term deferred maintenance risk. The combination of residential scale, long-term commercial tenancy, and meaningful land position makes this a uniquely compelling asset for the right investor.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
| Price | $5,819,898 CAD | Lot Size | 0.57 AC |
| Price Per Unit | $484,991 CAD | Building Size | 13,889 SF |
| Sale Type | Investment | Average Occupancy | 91% |
| Cap Rate | 5.43% | No. Stories | 1 |
| No. Units | 12 | Year Built/Renovated | 1920/2022 |
| Property Type | Multifamily | ||
| Zoning | RMF-35 - The portfolio is zoned RMF-35 across a combined 0.57-acre site. | ||
| Price | $5,819,898 CAD |
| Price Per Unit | $484,991 CAD |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| No. Units | 12 |
| Property Type | Multifamily |
| Lot Size | 0.57 AC |
| Building Size | 13,889 SF |
| Average Occupancy | 91% |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2022 |
| Zoning | RMF-35 - The portfolio is zoned RMF-35 across a combined 0.57-acre site. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | $2,552 CAD | 801 |
| 2+1.5 | 1 | $3,493 CAD | 1,129 |
| 3+2 | 1 | $4,109 CAD | 1,250 |
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Very bikeable
80/100
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400 700 S
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