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25 S 300 E, Salt Lake City, Utah 84111

1199

Bedrooms

Utilities Included

Bathrooms

Furnished

Available to Lease on

ASAP

Property Type

Apartment

SQFT

401

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Key metrics

Rent

1199

Monthly Estimated Profit^?

1776

Annual Estimated Profit^?

21312

Acquisition Fee

2500

Security Deposit

300

Average Daily Rate

121

Occupancy

81%

Annual Revenue

35700

Key Features

Property Description:

Apartments at 25 S 300 E, Salt Lake City, UT 84111 offers modern studio and 1-bedroom apartments in the heart of downtown Salt Lake City, just 0.5 miles (a 2-minute drive or 10-minute walk) from the city center. Enjoy luxury living with premium amenities, breathtaking city and mountain views, and unbeatable access to top employers, shopping, dining, and entertainment. This community combines contemporary comfort with urban convenience, making it a top choice for city living.

Investment Highlights

Studio Apartments: Rent: $1,199 | Annual Revenue: $35,700+ | Monthly Profit: $1,776
1-Bedroom Apartments: Rent: $1,599 | Annual Revenue: $38,000+ | Monthly Profit: $1,568+
Three Studio Units Available ($1,325 - $1,425 Based on Floor & View)
Maximum Lease Allowance: 3 Units
8 Weeks Free Rent on Select Units
Application Fee: $50
Security Deposit: $300 to 1 Month’s Rent (Based on Screening)
Utilities Not Included
Internet: $110/Month
Parking: $100/Month

Apartment Features

Hardwood floors & efficient appliances
Brand-new apartments with modern finishes
Washer/dryer included in every unit
Central air conditioning
Patio or balcony (select units)
High-speed internet ready
Spectacular city & mountain views

Community Amenities

Resort-style podium pool & hot tub
24-hour fitness center
Outdoor lounge & BBQ area
Game room with skee-ball & arcade machine
Demonstration kitchen & dining area
Secure parking garage & extra storage available
Elevator access & controlled entry
Emergency maintenance & wheelchair access
Free WiFi in common areas
Proximity to UTA TRAX & Bus Stops
Unbeatable downtown location

Nearby Attractions & Distances

Downtown Salt Lake City: 0.5 miles (2-minute drive or 10-minute walk)
Salt Palace Convention Center: 0.6 miles (3-minute drive)
City Creek Center (Shopping & Dining): 0.7 miles (5-minute drive)
Vivint Arena (Utah Jazz & Concerts): 1 mile (5-minute drive)
University of Utah: 2 miles (8-minute drive)
Salt Lake City International Airport: 6 miles (12-minute drive)

Rental Terms & Fees

Lease Length: 1 Year+
Security Deposit: $300 to 1 Month’s Rent (Based on Screening)
Application Fee: $50
8 Weeks Free Rent on Select Units
Utilities Not Included

STR Regulations Summary:

Status:

Not STR Friendly

View Regulations Here

In Salt Lake City, Utah, regulations for short-term rentals (STRs) are strict and prohibit non-owner-occupied short-term rentals in residential districts. Here is a summary of the key regulations:Short-Term Rental Regulations in Salt Lake City

Prohibition in Residential Zones: STRs are not permitted in residential districts. Rentals of less than 30 days are only allowed in commercial or mixed-use zones, such as hotels, motels, and bed-and-breakfasts3 4.
Owner-Occupancy Requirement: Even in areas where STRs might be allowed (e.g., outside residential districts), the property must typically be owner-occupied during the rental period3 4.
Licensing and Compliance:
- STR operators must obtain a business license and comply with zoning laws.
- They must also adhere to building and fire safety codes, provide off-street parking, and collect applicable taxes2 3.
Enforcement:
- Salt Lake City actively enforces these rules, often relying on neighbor complaints to identify illegal operations.
- The city has implemented data-gathering tools to detect non-compliance but cannot use online listings as sole evidence3 4.
Penalties: Operating an illegal STR can result in fines and mandatory cessation of operations3 4.

In summary, non-owner-occupied STRs are not allowed in Salt Lake City's residential areas, and strict enforcement measures are in place to ensure compliance with these regulations.