560 SOUTH TEMPLE, Salt Lake City, UT 84102
3BD/—BA Residential in Salt Lake City, UT 84102. 1,986 sqft. Built 1983. Listed at $639,000. MLS #2116196.
3BD/—BA Residential in Salt Lake City, UT 84102. 1,986 sqft. Built 1983. Listed at $639,000. MLS #2116196.
Discover the timeless appeal of Governors Plaza, known for its classic architecture, abundant amenities, & premier location along Salt Lake's prestigious South Temple. This spacious plaza-level residence offers nearly 2,000 sq. ft. of thoughtfully designed living space, complete with an office & 2 huge balconies unique to this level of the building. Expansive floor-to-ceiling, south-facing windows invite natural light & showcase serene, pine-filtered views year-round. The property serves as a remarkable canvas for a custom, luxury renovation & presents endless potential to craft an extraordinary living experience tailored to your vision. Residents enjoy resort-style amenities, including a heated indoor pool & spa, a bright and airy fitness center, a stunning atrium-style common area & community garden. The property also provides plenty of covered guest parking, along with two secured garage spaces, a 4'x8' storage locker, bicycle parking & a convenient car wash station.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
GOVERNORS PLAZA
County
Salt Lake
Construction
Concrete
Lot Size
0.01 sq ft
Above Grade Area
1,986 sq ft
Condition
Blt./Standing
MLS #
2116196
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
GOVERNORS PLAZA
County
Salt Lake
Construction
Concrete
Lot Size
0.01 sq ft
Above Grade Area
1,986 sq ft
Condition
Blt./Standing
MLS #
2116196
List Price
$639,000
Original Price
$750,000
HOA Fees
$797 / Monthly
Annual Taxes
$3,077
Home Warranty
No
List Price
$639,000
Original Price
$750,000
HOA Fees
$797 / Monthly
Annual Taxes
$3,077
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Flat,Rubber
Flooring
Carpet,Tile
Basement
None
Materials
Concrete
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air
Cooling
Central Air
Roof
Flat,Rubber
Flooring
Carpet,Tile
Basement
None
Materials
Concrete
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Motivated SellerDeal Score
83/100
vs Similar Homes
28% above
vs Market Median
5% below
Price Reduced
14.8%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
83/100 · 2 qualifying signals
15% price reduction from original list — seller may be motivated
Priced 5% below the per-subtype city median
LT net cashflow -$903/mo (-17.7% return on ownership cost) · STR net cashflow -$2,783/mo (-54.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 28% above the median of similar listings
-0.8% year-over-year ZHVI growth in this area
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$4,758/mo
Range: $2,259 – $7,256
Net Monthly Cash Flow
−$903 /mo (−$10,832/yr)
Monthly rental income
Monthly ownership cost
Coverage
94%
Net /mo
−$903
DSCR
1.31
Est. Annual Revenue
$39,546/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$2,783 /mo (−$33,398/yr)
Monthly STR income
Monthly ownership cost
Coverage
65%
Net /mo
−$2,783
DSCR
0.72
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
+12% vs median
57 days
615
$184,000 – $7,995,000
$3,077
$797/monthly
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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