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

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

1. 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-breakfasts34.
2. 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 period34.
3. 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 taxes23.
4. 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 evidence34.
5. Penalties: Operating an illegal STR can result in fines and mandatory cessation of operations34.

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.