6 Beds | 4 Baths | 0 Garage | 3,475 Sq Ft
465 E 6th Avenue is a well-maintained 3,475 SF fourplex nestled in the heart of The Avenues, one of Salt Lake City's most desirable and historic neighborhoods. Built in 1910, this charming property seamlessly blends timeless architectural character with thoughtful, modern updates. Its prime location offers tenants walkable access to top-tier dining, shopping, and entertainment options. The property includes four distinct units: one studio, one 1BD/1BA, and two very large 2BD units, each over 1,400 SF. One even has an extra half bath. Each unit has seen significant updates under current ownership, while preserving the building's original character. Additional features include covered parking at the rear of the property and a brand-new roof installed in 2021. RECENT CAPITAL IMPROVEMENTS INCLUDE: Unit 1 (Upstairs): Newer windows and electrical upgrades (2019) Unit 2 (Upstairs): Updated bathroom plumbing Unit 3 (Basement): Bathroom remodel (2019) Interior renovation (2024) Updated windows, paint, and trim Studio Unit (Rear): New electrical panel (2019) Building-Wide: New roof (2021) New water heater servicing all units (2020) New soffits and fascia (2025) FINANCIAL HIGHLIGHTS & VALUE-ADD POTENTIAL According to Rentometer, current average rents in the area are approximately: Studio: $1,272 1BD: $1,489 2BD: $2,500 The subject property currently leases units at an average of $975 (studio), $1,025 (1BD), and $1,747 (2BD), leaving room for rental increases through strategic adjustments. With below-market rents, updated units, and desirable amenities, investors have a clear opportunity to enhance returns through continued modernization and proactive management. Seller Financing Not Available
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