ActiveResidential · sale

560 E South Temple Street Apt 1001

Salt Lake City, UT 84102

$1,195,000

  • 2 beds
  • 2 baths
  • 1,593 sq ft
  • 0.01 acres
  • Built 1983

Listed by Summit Sotheby's International Realty · MLS #12603161

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1983.

Garage parking

2 garage spaces listed.

Property size

0.01 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

For elevated city living in the heart of Salt Lake, few opportunities compare to this southwest corner pied-à-terre on the tenth floor of Governors Plaza. Taken to the studs and rebuilt corner to corner, the residence was reconfigured to be a one of one penthouse style residence. Perched above Historic South Temple, with two private terraces the home looks south to the Wasatch Range, the U of U, and west to downtown stretching out to the lake.

Inside, the feeling is bright and modern, filled with natural light across white tile floors, custom espresso colored cabinetry, and an open layout that makes the space feel warm and inviting. The kitchen is built with highly customized storage and integrated appliances, a paneled Sub Zero fridge and a suite of Wolf appliances include an inset induction range, wall mounted oven, and steam oven. The island spreads wide into a raised bar and extends into a custom 3form dining table. The walk-in pantry has large amounts of storage, and a wet bar with a filtration system. Along the hall custom cabinetry and flush mount doors hide the utilities as well as a full bathroom. The second bedroom is anchored by dual built-in desks and custom shelving, ready to serve as a guest room when needed.

The primary suite is a world of its own, opening to a private terrace with views of downtown, the Great Salt Lake, and the Capitol. Its walk-in closet is its own room, centered around an island of drawers beneath windows that frame the mountains. The primary bath has a large double vanity with intelligent storage solutions, a marble shower with dual heads, private toilet room, and en-suite laundry.

Behind the finishes, the home is as well equipped as it is beautiful: central vacuum, heated floors, soft water, whole-home humidification, built in speaker system, and a newer furnace, air conditioning, and water heater, for comfort and low maintenance from day one. This unit enjoys 2 assigned parking spaces, dedicated storage, an indoor pool, gym, and community spaces.

Living at Governors Plaza places you steps from the Avenues, downtown, and the University of Utah, with easy access to I-80 for the airport and the canyons -- a rare address along historic South Temple.

THE NEIGHBORHOOD

Explore the location.

560 E South Temple Street Apt 1001, Salt Lake City, UT 84102

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1983
Full baths
1
Garage spaces
2
Subdivision
Wasatch Front Ar 58
Parcel
16-06-230-061
HOA fee frequency
Monthly
Annual property tax
$9,282.20
HOA fee
$684.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$2,146.36
Estimated monthly rent$4,979.17
Cap rate2.41%

Annual operating income: $28,743.83

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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560 E South Temple Street Apt 1001, Salt Lake City, UT 84102 · MLS #12603161

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Listing information

MLS #12603161 · Park City MLS

Listing brokerage: Summit Sotheby's International Realty
Listing agent: Mitch Finlinson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of the Park City Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than , are indicated by detailed information about them such as the name of the listing firms.