Description
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.
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32BEDS
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0.36ACRES
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0BATHS
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01/2 BATHS
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24,696SQFT
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$292$/SQFT
School Information
Description
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.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-03-31T14:38:16.517. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.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. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.