844-856 S West Temple | Salt Lake City, UT 84101
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844-856 S West Temple
Salt Lake City, UT 84101
Green Print At West Temple Apartments · Multifamily Property For Sale · 145 Units
Investment Highlights
- Lease-up began in March 2020 and has remained strong throughout COVID-19 with an average absorption of 17 units per month.
- The Granary District is one of the most attractive areas for new development with $1 Billion of value created over the next five years.
- Average market rent of $702/mo. ($2.96 psf) is 45% more affordable than Class-A Studio Units in the downtown area.
- Affordable, efficient units will always be in significant demand delivering durable cash flow with consistently full occupancy.
- Transit-oriented location with TRAX Light Rail station one block west; encourages excellent walkability and car-free lifestyle.
- Visibility along W Temple, primary entrance to the heart of downtown, immediate access to 900 South, the City’s premier corridor for new development.
PROPERTY FACTS
| No. Units | 145 | Lot Size | 0.39 AC |
| Property Type | Multifamily | Building Size | 38,395 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 2020 |
| Building Class | B |
| No. Units | 145 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 38,395 SF |
| No. Stories | 4 |
| Year Built | 2020 |
Unit Amenities
- Air Conditioning
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 145 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $25,595,318 | |
| Land Assessment | $2,078,482 | Total Assessment | $27,673,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,078,482
Improvements Assessment
$25,595,318
Total Assessment
$27,673,800
zoning
| Zoning Code | FB-UN2 (Form Based, Urban Neighborhood) |
| FB-UN2 (Form Based, Urban Neighborhood) |
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