31 M, Salt Lake City, UT 84103
1BD/—BA Residential in Salt Lake City, UT 84103. 647 sqft. Built 1977. Listed at $250,000. MLS #2147209.
1BD/—BA Residential in Salt Lake City, UT 84103. 647 sqft. Built 1977. Listed at $250,000. MLS #2147209.
$250,000
There is something special about the Avenues, especially if you want a place that can be your own home or if you want to rent it out, you can do that too! Currently there are no HOA restrictions for renting. This 3rd floor unit features newer paint and carpet. Main living room features built in bookshelves and a gas fireplace. Spacious bedroom with 2 closets for all your things. Just steps from the front door is a private storage closet. One of the 2 laundry rooms in the building with self pay washers and dryers is on this floor. Dedicated garage parking spot. Minutes from public transportation, U of U and the vibrant downtown area. Square footage figures are provided as a courtesy estimate only and were obtained from county records . Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
CAMBRIDGE CONDOMINIUM
County
Salt Lake
Construction
Asphalt,Brick
Lot Size
0.01 sq ft
Above Grade Area
647 sq ft
Condition
Blt./Standing
MLS #
2147209
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
CAMBRIDGE CONDOMINIUM
County
Salt Lake
Construction
Asphalt,Brick
Lot Size
0.01 sq ft
Above Grade Area
647 sq ft
Condition
Blt./Standing
MLS #
2147209
List Price
$250,000
HOA Fees
$250 / Monthly
Annual Taxes
$1,132
Home Warranty
No
List Price
$250,000
HOA Fees
$250 / Monthly
Annual Taxes
$1,132
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Membrane
Flooring
Carpet,Tile
Basement
None
Materials
Asphalt,Brick
Appliances
Ceiling Fan,Portable Dishwasher,Range Hood,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air
Cooling
Central Air
Roof
Membrane
Flooring
Carpet,Tile
Basement
None
Materials
Asphalt,Brick
Appliances
Ceiling Fan,Portable Dishwasher,Range Hood,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
1
Covered Spaces
2
Total Parking
2
Garage Spaces
1
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
14% below
vs Market Median
3% below
Area Growth (YoY)
-0.8%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 14% below the median of similar listings
Priced 3% below the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$813/mo (-42.3% return on ownership cost) · STR net cashflow -$1,165/mo (-60.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
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
$1,262/mo
Range: $602 – $1,922
Net Monthly Cash Flow
−$812 /mo (−$9,749/yr)
Monthly rental income
Monthly ownership cost
Coverage
66%
Net /mo
−$813
DSCR
0.89
Est. Annual Revenue
$13,002/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,166 /mo (−$13,991/yr)
Monthly STR income
Monthly ownership cost
Coverage
56%
Net /mo
−$1,165
DSCR
0.61
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$570,000
-56% vs median
57 days
615
$184,000 – $7,995,000
$1,132
$250/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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