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646 E 1700 S, Salt Lake City, UT 84105
$2,600,000
646 E 1700 S, Salt Lake City, UT 84105
Units
12
Price/Unit
$216,667
Price/Sqft
$216
Est Gross Yield
8.3%
$214,560/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 2BA | 12 | 2 | 2 | 1,004 | $1,395/mo |
| Total | 12 | 24 | 24 | 12,048 | $16,740/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Great opportunity to acquire 12 units in the Liberty Wells neighborhood. The Monte Apartments consist of three four unit buildings situated on one parcel. Built in 1979, the property offers a newer vintage than many of the surrounding multifamily properties in the area and features a very desirable unit mix. Each unit is a spacious townhouse-style 2 bed / 1.5 bath with approximately 1,004 square feet, central heating and A/C, and its own washer/dryer hookups. The property also has ample off-street parking with 22 parking stalls. With large floor plans, individual HVAC, washer/dryer hookups, ample parking, and a great central Salt Lake location, this is a property with a lot of long-term upside. There is plenty of opportunity for a new owner to increase rents over time and add value through unit improvements. Measurements and information are provided as a courtesy only. Buyer to verify all information. Owner/Agent.
Listed by Porter Criddle · Investment Realty Advisors LLC
Location
646 E 1700 S, Salt Lake City, UT 84105
Proforma
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Cap Rate
5.49%
Cash-on-Cash
2.16%
Cash Flow
$1,758/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/29/2026, 11:08:19 PM. 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. Listing data provided by UtahRealEstate.com.