777 SOUTH TEMPLE, Salt Lake City, UT 84102
2BD/—BA Residential in Salt Lake City, UT 84102. 1,116 sqft. Built 1964. Listed at $315,000. MLS #2164387.
2BD/—BA Residential in Salt Lake City, UT 84102. 1,116 sqft. Built 1964. Listed at $315,000. MLS #2164387.
Fourth floor, 2 bedroom, 2 bath condo, very close to downtown Salt Lake City and the University of Utah in the historic district. The condo has been well maintained for 30 years by an individual owner. It can be used as-is with new carpet, or remodeled with high return on investment. The stove is fully functional, a new dishwasher was just installed, as well as a recently new refrigerator, kitchen faucet and bath vanity faucet. Beautiful downtown and sunset views. Pool, laundry, and parking, all within the building. All utilities are provided by the HOA including heat and A/C except lights, and electric appliances. Common area carpet is new.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
County
Salt Lake
Zoning
Single-Family
Lot Size
0.01 sq ft
Above Grade Area
1,116 sq ft
Condition
Blt./Standing
MLS #
2164387
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
County
Salt Lake
Zoning
Single-Family
Lot Size
0.01 sq ft
Above Grade Area
1,116 sq ft
Condition
Blt./Standing
MLS #
2164387
List Price
$315,000
HOA Fees
$843
Annual Taxes
$1,464
Home Warranty
No
List Price
$315,000
HOA Fees
$843
Annual Taxes
$1,464
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Flooring
Carpet,Linoleum,Tile
Basement
None
Appliances
Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air
Cooling
Central Air
Flooring
Carpet,Linoleum,Tile
Basement
None
Appliances
Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
26% below
vs Market Median
8% below
Area Growth (YoY)
-1.5%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 26% below the median of similar listings
Priced 8% below the per-subtype city median
-1.5% year-over-year ZHVI growth in this area
LT net cashflow -$1,217/mo (-41.0% return on ownership cost) · STR net cashflow -$1,611/mo (-54.3% 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
$1,987/mo
Range: $1,625 – $2,350
Net Monthly Cash Flow
−$1,217 /mo (−$14,607/yr)
Monthly rental income
Monthly ownership cost
Coverage
67%
Net /mo
−$1,217
DSCR
1.11
Est. Annual Revenue
$23,234/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,612 /mo (−$19,345/yr)
Monthly STR income
Monthly ownership cost
Coverage
65%
Net /mo
−$1,611
DSCR
0.86
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$587,500
-46% vs median
39 days
660
$175,000 – $7,995,000
$1,464
$843/mo
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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