2722 Edison StSouth Salt Lake, UT 84115

This exceptional 11-unit apartment building, situated on a 0.69-acre lot in South Salt Lake, Utah (APN: 16-19-363-012), presents a compelling value-add opportunity. The property, comprised of three, two-story buildings totaling 14,025 net rentable square feet, was constructed in 1984 and is zoned CC. Currently boasting a 6.96% pro-forma cap rate and a $187,873 pro-forma NOI, this investment offers significant potential for increased profitability. Located at 2722 S Edison St, 84115, the property benefits from its convenient proximity to I-15 and Murray Central Station, providing residents easy access to downtown Salt Lake City (a mere 12-minute drive) and numerous outdoor recreational opportunities. The asking price is $2,700,000, translating to $245,454.55 per unit. This property is an excellent investment in a thriving market characterized by strong population growth, high rates of college graduates, and robust job creation, making it an attractive acquisition for discerning investors. The property's strong location and value-add potential make it a rare opportunity in the Salt Lake City multifamily market.