227 N SPENCER CT

Quick Facts

About This Home

Spencer Court Apartments is a unique 22-unit multifamily community comprised of six smaller multi-family buildings nestled in one of Salt Lake City's most sought-after neighborhoods. The property boasts a proven operational history with strong rental performance and healthy NOI, currently offered at an attractive 6.3% in-place cap rate with compelling price-per-unit metrics. There is significant opportunity to improve asset quality, push rents, and drive meaningful appreciation. Do not disturb tenants. Buyer to obtain independent measurements and verify all information independently.

Property Details

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data provided by Wasatch Front Regional MLS. Information deemed reliable but not guaranteed.

Estimated Payment

30 Year Fixed • sample 6.80% interest rate • 20% down ($720,000)

Estimated P&I + taxes + insurance. This is a sample for informational purposes only — not a commitment or offer to lend. Actual rate, APR, and payment will depend on your credit, down payment, loan type, and lender. Contact a licensed mortgage professional for an accurate quote.