Spencer Court Apartments

240 East Spencer Court Salt Lake City, UT 84103

240 East Spencer Court, Salt Lake City, UT, 84103
240 East Spencer Court, Salt Lake City, UT, 84103 240 East Spencer Court, Salt Lake City, UT, 84103 240 East Spencer Court, Salt Lake City, UT, 84103 240 East Spencer Court, Salt Lake City, UT, 84103 240 East Spencer Court, Salt Lake City, UT, 84103 240 East Spencer Court, Salt Lake City, UT, 84103 240 East Spencer Court, Salt Lake City, UT, 84103 240 East Spencer Court, Salt Lake City, UT, 84103
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,950,000
Last Verified:
Mar 31, 2025

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Highlights

  • 13,631 SF building
  • 22 units
  • Zoned SR-1A
  • Salt Lake City location
  • Premium location

Description

Value add opportunity for a legacy property located in one of the best areas of Salt Lake City. Spencer Court Apartments was originally built in the early 20th century and consists of six charming multi-unit buildings to make up the 22 units. Each building is unique and offers a variety of layouts and options for tenants. Property is 100% occupied. Measurements are given as a courtesy only. Buyer is advised to obtain an independent measurement.

Discover the perfect blend of urban convenience and outdoor beauty at Spencer Court Apartments in Salt Lake City. Nestled in the prestigious avenues district, this vibrant neighborhood offers a serene retreat just minutes from downtown. Investors will appreciate the area's appeal to residents seeking a multifamily community in a charming, low-rise setting. With nearby attractions such as Memory Grove Park, City Creek Center, and the Utah State Capitol, tenants can enjoy the best of city living and natural surroundings. Explore the thriving local arts and culture scene, and savor easy access to dining, entertainment, and outdoor recreation. Salt Lake City's allure is the ideal draw for investors seeking a well-rounded multifamily investment opportunity.


Year Built: 1916
Building Size: 13631sq ft
Lot Size: 0.58 acres

Map of 240 East Spencer Court, Salt Lake City, UT, 84103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.