440 Lofts
13 Unit Apartment Building | $3,300,000 ($253,846/Unit) | 5.30% Cap Rate | Salt Lake City, UT 84101
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,300,000
- Property Type
-
Multifamily
- Square Feet
- 10,286 SF
Listing Contacts
Paul Svendsen
Verified Profile
- Property Info
Property Overview
If you thought you had to go to Brooklyn to find apartments in a cool old retrofitted industrial building, think again.
440 Lofts offers 12 warehouse lofts with a mix of floor plans that are ready-made for creatives, professionals, urbanites, makers, and artists. Most units have true loft bedrooms. Some have additional office/flex areas. One has its own secret workshop. All of them make the most of the building’s industrial heritage — exposed bow trusses, high ceilings, steel windows, the works. Each unit gets its own dedicated parking space in the gated parking lot.
On top of all that, the complex has an abundance of shady outdoor spaces. Some units have private decks. For the rest, there are common outdoor areas for barbecues, chatting by the fountain, or just having coffee on a beautiful summer morning. The property has an oasis-like feel that is remarkable for a property in such an urban environment.
Last but not least, there is a totally unique 1 bed/1 bath house at the rear of the property — perfect for an owner-occupant or as an additional source of rental income. The house is strikingly modern, with an open floor plan and tons of architectural detail. There’s a private second level deck and an extra-spacious 2-car garage that could easily do double-duty as a workshop.
440 Lofts offers 12 warehouse lofts with a mix of floor plans that are ready-made for creatives, professionals, urbanites, makers, and artists. Most units have true loft bedrooms. Some have additional office/flex areas. One has its own secret workshop. All of them make the most of the building’s industrial heritage — exposed bow trusses, high ceilings, steel windows, the works. Each unit gets its own dedicated parking space in the gated parking lot.
On top of all that, the complex has an abundance of shady outdoor spaces. Some units have private decks. For the rest, there are common outdoor areas for barbecues, chatting by the fountain, or just having coffee on a beautiful summer morning. The property has an oasis-like feel that is remarkable for a property in such an urban environment.
Last but not least, there is a totally unique 1 bed/1 bath house at the rear of the property — perfect for an owner-occupant or as an additional source of rental income. The house is strikingly modern, with an open floor plan and tons of architectural detail. There’s a private second level deck and an extra-spacious 2-car garage that could easily do double-duty as a workshop.
Property Details
- Class
- C
- Year Built/Renovated
- 1953/2006
- Stories
- 1
- Lot Size (sq. ft)
- 17,424 SF
- Units
- 13
Highlights
- 12 loft units and 1 modern single family home; unique owner-occupancy opportunity if desired; great off-street parking; lush outdoor living
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