Cap Rate: 4.60%
Situated in the hub of rapid redevelopments along the 900 South/Liberty Park Corridor now known as the “9 Line Redevelopment Corridor” in Salt Lake City, Park Manor is a historic gem in this hip, desirable destination neighborhood. Constructed in 1931 by developer A.E. Jorgensen, the newly renovated Park Manor offers exemplary English Tudor architectural features and new mid-century modern upgraded finishes. These factors make it stand out to renters in a desirable submarket mostly dominated by 1960s- and 1970s-style architecture.
Fully renovated in 2019, Park Manor is like a new building in a historic shell and offers spacious Studio, 1-Bedroom, and 2-Bedroom floor plans averaging 631 square feet. All floor plans at Park Manor are accessed through interior stairwells which are very large, bright, and convenient. Most floor plans at Park Manor have two entrances which access the living area as well as the kitchen.
Each floor plan includes original features such as the original wood, divided-light windows and doors, internal floor plans, large kitchen, arched openings, and many original built-in phone nooks and cabinets. The interior design of each dwelling unit takes advantage of large windows, private balconies, and abundant natural light.
The location of Park Manor is outstanding. The community is situated one-half block from historic Liberty Park and the transformed 900 South retail corridor which includes some of Utah’s best restaurants, shopping, and personal care services. This hip neighborhood has been named the #1 Best Neighborhood in Salt Lake City for Young Professionals by Niche.com and a walk/ bike scores of 82/98, respectively, make Park Manor the place to be.