This exclusive investment offering provides an investor the ability to acquire a unique, iconic, Tudor-Style Downtown landmark multihousing community with the opportunity to achieve higher revenues through minor unit renovations, property management efficiencies, and slip-stream the monthly rent disparities being charged and the neighboring Class-A communities. The Piccadilly Apartments offer qualified residents the opportunity to live in a charming niche community which is a nice alternative to the new, sterile apartment communities in the immediate area, charging rents in excess of $500 per month more. Each dwelling unit at The Piccadilly features beautiful woodwork, Murphy closets, vintage ceramic tiled bathrooms, high (8.5') ceilings, and generous closet space. The full kitchens feature refrigerators and ranges, plus ample dining space with large exterior windows. The Piccadilly is located in a bulletproof Downtown Salt Lake City location on 500 East just below the prestigious South Temple corridor. Access to the all-things Downtown is a short 6 minute walk from The Piccadilly and The University of Utah is a 5-minute drive from the Property.
- Price:
- $7,200,000
- Bedrooms:
- 32
- Square Footage:
- 24,696
- Acreage:
- 0.36
- Year Built:
- 1930
- Listing ID #:
- 1859801
- Street Address:
- 24 S 500 E
- City:
- Salt Lake City
- State:
- Utah
- Postal Code:
- 84102
- County:
- Salt Lake
- Community:
- Salt Lake City- So. Salt Lake
- Subdivision:
- Plat B Slc Sur
- Listing Status:
- Pending
- Listing Type:
- > 4 Units
K-6
455 students
24 student/teacher
7-8
400 students
22 student/teacher
9-12
1970 students
23 student/teacher
- Approximate Total Liveable Area:
- 24696
- Building Condition:
- Blt./Standing
- Construction Description:
- Brick
- Construction Status:
- Blt./Standing
- Flooring:
- Carpet, Hardwood, Tile
- Number Of Units:
- 33
- Style:
- High Rise
- Total Building Square Footage:
- 24696
- Year Built:
- 1930
- Conforms To Zoning:
- Multi-Family
- Existing Land Use:
- Residential
- Lot Square Footage:
- 15681.6
- Zoning Description:
- R-Mu
- Days On Market:
- 53
- On Market Date:
- 2023-01-27
- Originating Mls:
- Utahrealestate.Com
- Property Taxes:
- $27,445
- Parking Spaces:
- 14
- Uncovered Parking Spaces:
- 14
- Existing Water:
- Culinary
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Jody Jones (801-577-2175) with Align Complete Real Estate Services LLC.
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