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Kathryn Vallee

Global Real Estate Advisor

  • Cell 435-565-0797
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833 W Emeril Ave, Salt Lake City, UT – $725,000

  • $725k Price
  • .27 Acres
  • 146 DOM
  • $725k Price
  • .27 Acres
  • 146 DOM

833 W Emeril Ave, Salt Lake City, 84116

Rare land development opportunity in a great transitional area just west of growing and vibrant downtown Salt Lake. This area is the next place to pop and gentrify for SLC. The Salt Lake area is booming with almost 10,000 apartments being build but we still have a shortage of almost 6,500 affordable units. This project takes advantage of these unique market dynamics by creating efficient and affordable for sale (or for rent) units within hundreds of feet of the public transportation TRAX line which connects the entire valley together by taking advantage of loose zoning rules in the TSA-UN-C zone. This project is fully approved through the TSA expedited approval process and is ready to have full constructions docs completed and be submitted to the building dept so you can break ground quickly. All land due diligence has also been completed (soils, survey, topo, site plan, utility plan, drainage and grading, CC&R's and phase 1) and concept floor plans and elevations have also been completed. This project has 21 units with a mix of studios and 1 bedroom units. You can choose to sell each unit individually (condo) or keep the project long term to cash in big as a long term hold. This is the perfect type of project with affordable end for sale pricing and rent amounts to hedge against any type of unforeseen slowdown in the future. Comps in this price range are flying off the self in a matter of days because this price range is so hard to find right now. Full OM deck is attached to the listing with full details. Full due diligence packet can be provided to serious buyers upon inquiry.

Listing Details

Windermere Real Estate - Utah (Holladay)

Essential Information

  • MLS® #1611986
  • Price$725,000
  • Acres0.27
  • TypeVacant Land
  • StatusActive

Sub-Type

Residential, Commercial, Multi Housing

Community Information

  • Address833 W Emeril Ave
  • AreaSalt Lake City; Rose Park
  • CitySalt Lake City
  • CountySalt Lake
  • StateUT
  • Zip Code84116

Amenities

Utilities

Gas: Available, Power: Available, Sewer: Available, Sewer: Public

Exterior

Lot Description

Fenced: Full, Sidewalks, Terrain: Flat

School Information

  • DistrictSalt Lake
  • ElementaryJackson
  • MiddleClayton
  • HighWest

Additional Information

  • Date ListedJune 25th, 2019
  • Days on Market146
  • ZoningSee Remarks, Multi-Family

Listing Details

Office

Windermere Real Estate - Utah (Holladay)

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Windermere Real Estate - Utah (Holladay).

Terms Of Use

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.

The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.