833 W Emeril Ave

    Salt Lake City, UT 84116
    • $725,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: 1611986
    UPDATED: 171 min ago
    $725,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Rare land development opportunity in a great transitional area just west of growing and vibrant downtown Salt Lake. This area is the next place to pop and gentrify for SLC. The Salt Lake area is booming with almost 10,000 apartments being build but we still have a shortage of almost 6,500 affordable units. This project takes advantage of these unique market dynamics by creating efficient and affordable for sale (or for rent) units within hundreds of feet of the public transportation TRAX line which connects the entire valley together by taking advantage of loose zoning rules in the TSA-UN-C zone. This project is fully approved through the TSA expedited approval process and is ready to have full constructions docs completed and be submitted to the building dept so you can break ground quickly. All land due diligence has also been completed (soils, survey, topo, site plan, utility plan, drainage and grading, CC&R's and phase 1) and concept floor plans and elevations have also been completed. This project has 21 units with a mix of studios and 1 bedroom units. You can choose to sell each unit individually (condo) or keep the project long term to cash in big as a long term hold. This is the perfect type of project with affordable end for sale pricing and rent amounts to hedge against any type of unforeseen slowdown in the future. Comps in this price range are flying off the self in a matter of days because this price range is so hard to find right now. Full OM deck is attached to the listing with full details. Full due diligence packet can be provided to serious buyers upon inquiry.

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2019-08-22T23:36:03.19. 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.
    www.colemererealty.com/homes/96284397

    833 W Emeril Ave Salt Lake City, UT 84116

    • Price: $725,000
    • Status: Active
    • Updated: 171 min ago
    • ID#: 1611986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    Neighborhood:
    Salt Lake City; Rose Park
    County:
    Salt Lake
    Area:
    Salt Lake City; Rose Park
    Elementary School:
    Jackson
    Middle School:
    Clayton
    High School:
    West
    School District:
    Salt Lake
    Property Description
    Rare land development opportunity in a great transitional area just west of growing and vibrant downtown Salt Lake. This area is the next place to pop and gentrify for SLC. The Salt Lake area is booming with almost 10,000 apartments being build but we still have a shortage of almost 6,500 affordable units. This project takes advantage of these unique market dynamics by creating efficient and affordable for sale (or for rent) units within hundreds of feet of the public transportation TRAX line which connects the entire valley together by taking advantage of loose zoning rules in the TSA-UN-C zone. This project is fully approved through the TSA expedited approval process and is ready to have full constructions docs completed and be submitted to the building dept so you can break ground quickly. All land due diligence has also been completed (soils, survey, topo, site plan, utility plan, drainage and grading, CC&R's and phase 1) and concept floor plans and elevations have also been completed. This project has 21 units with a mix of studios and 1 bedroom units. You can choose to sell each unit individually (condo) or keep the project long term to cash in big as a long term hold. This is the perfect type of project with affordable end for sale pricing and rent amounts to hedge against any type of unforeseen slowdown in the future. Comps in this price range are flying off the self in a matter of days because this price range is so hard to find right now. Full OM deck is attached to the listing with full details. Full due diligence packet can be provided to serious buyers upon inquiry.
    Exterior Features

    Driveway Concrete Frontage Facing N Length In Feet Of Back Of Property 165.0 Length In Feet Of Front Of Property 165.0 Length In Feet Of Side Of Property 73.0 Lot Facts Fenced: FullSidewalksTerrain: Flat

    Property Features

    Connection Fees GasPowerSewerWater Culinary Water Culinary Available Distance To Electric 10 Distance To Gas 10 Distance To Sewer 10 Distance To Water 10 Hoa No Hoa Fee 0 Irrigation Company Available Land Property Type ResidentialCommercialMulti Housing Lease Price 0.00 Owner Type Property Owner Possession Neg School Other Judge Memorial Taxes 1103 Terms CashConventional Utilities Gas: AvailablePower: AvailableSewer: AvailableSewer: Public Water Shares1 0.00 Water Shares2 0.00 Water Shares3 0.00 Zoning See RemarksMulti-Family Zoning Code Tsa-Un

    Listing provided courtesy of Windermere Real Estate - Utah (Holladay). Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2019-08-22T23:36:03.19. 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.
     
    Colemere Realty Associates
    9661 South 700
    East Sandy UT, 84070