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This unique investment opportunity involves the Canyon Apartments, a well-established 15-unit property complemented by adjacent land with the potential to add 18 more units. This value-add asset, constructed in 1961 and spanning approximately 13,312 square feet, offers a diverse mix of unit configurations including one 4BD/2BA unit, six 2BD/1BA units, and eight 1BD/1BA units. 9 of the 15 units have been renovated by current ownership. The property features onsite laundry facilities, ample parking, including covered spaces and seven carports allocated based on seniority, and has had recent capital improvements exceeding $100,000. These improvements encompass interior renovations, stucco repairs, new asphalt, a new electrical room and new concrete. The adjacent land offers the opportunity to develop 18 additional units. Proposed plans include 2BD/2BA units, each approximately 950 square feet
| DAYS ON MARKET | 81 | LAST UPDATED | 10/16/2024 |
|---|---|---|---|
| YEAR BUILT | 1961 | COMMUNITY | WJ; SJ; Rvrton; Herriman; Bingh |
| COUNTY | Salt Lake | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | None/Other |
|---|---|
| Jr. High School | None/Other |
| High School | None/Other |
| PRICE HISTORY | |
| Prior to Oct 16, '24 | $3,150,000 |
|---|---|
| Oct 16, '24 - Today | $2,990,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | WJ; SJ; Rvrton; Herriman; Bingh |
| HEAT | None |
| LOT | 1.53 acre(s) |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| STYLE | Stories: 2 |
| TAXES | 11814 |
| ZONING | C2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Pathway Properties, LLC
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