Alta Pines Apartments

Alta Pines Apartments

4070 S. 900 E.
Salt Lake City, UT
County: Salt Lake

Mike Carroll

Salt Lake City, UT
Direct: (801) 303-5556
Fax: (801) 322-2040

Diane H Taylor

Salt Lake City, UT
Direct: (801) 303-5564
Fax: (801) 322-2040

Additional Info & Materials

Building Information

Building Sq. Ft. 59,370
Land AC 3.02
Number of Units 64
Current Occupancy (%) N/A
Zoning R-M
Area Central East
Status Existing
Year Built 1973
Parcel Number 1632376047
Parking 110
Floors 2
Buildings N/A

Investment Summary

Cap Rate (%) 5.37
Price/Unit $109,375
Price $7,000,000
Sale Conditions N/A
Price/SF $117.00

Property Description

• All roofs replaced in 2011 • Several laundry facilities • Family owned and managed • Premier Salt Lake City suburb community and neighborhood- Great East side location • Below market rents • Mature, well-tended grounds, with majority of shade tree coverage • Public space and amenities include tables, chairs, picnic areas • Brick masonary construction • Low finance rates • No debt on the property • Separate gas and electric meters for each unit • Water heaters and HVAC located outside of each indepent unit • 59 covered and 51 uncovered parking stalls • Additional storage available

Space Description

Available 64 unit apartment complex.
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described herein shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.