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$3,500,000
Est. payment /mo
161 Beds
137 Baths
81,835 SqFt
UPDATED:
12/18/2024 07:24 PM
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 81,835 sqft
Price per Sqft $42
Subdivision Western
MLS Listing ID 2023948
Style High Rise
Bedrooms 161
Construction Status To Be Built
HOA Y/N No
Year Built 2024
Annual Tax Amount $7,000
Lot Size 0.560 Acres
Acres 0.56
Lot Dimensions 198.0x124.0x198.0
Property Description
Welcome to THE CHICAGO. This project has planning approval and has been entitled to build a 137 unit apartment complex. There are 5 floors of residential over a concrete podium for parking. Units range from 360-912 SF, allowing an affordable price point much needed in the market. Alta Survey, Phase 1, Phase 2, Geotechnical Report and Architectural plans have been completed and will be included in the purchase. One of the key advantages of this site is its strategic proximity to the newly proposed Larry H Miller MLB Baseball Stadium, the 100-acre Rocky Mountain Power Master Planned Development, and being less than .25 miles from the Trax Station. Additionally, this property is in an Opportunity Zone. Furthermore, it's worth noting that the current properties on the site comprises a Duplex, Triplex, and two Single Family Houses, which are generating consistent income.
Location
State UT
County Salt Lake
Area Salt Lake City; Rose Park
Zoning Multi-Family
Interior
Fireplace No
Exterior
View Y/N No
Present Use Residential
Private Pool No
Building
New Construction Yes
Construction Status To Be Built
Schools
Elementary Schools Rose Park
Middle Schools Bryant
High Schools West
School District Salt Lake
Others
Senior Community No
Tax ID 08-35-455-012
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Listed by Equity Real Estate (Premier Elite)
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