$2,200,000
$2,400,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
15 Baths
7,980 SqFt
SOLD DATE : 05/13/2021
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,980 sqft
Price per Sqft $275
Subdivision Ten Acre Plat A Big
MLS Listing ID 1712068
Sold Date 05/13/21
Style Other/See Remarks
Bedrooms 15
Construction Status Blt./Standing
HOA Y/N No
Year Built 2018
Annual Tax Amount $4,725
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions 0.0x0.0x0.0
Property Description
Constructed in 2019 consists of a beautifully constructed building with eight units. The building is a attractive two-story, wood frame/stucco building with controlled access garage parking with the residential units located on the second level. The residential floorplans are spacious, with ten-foot ceilings with Class-A amenities and finishes which consist of the following: Upgraded GE Stainless kitchen appliances with gas ranges and side by side refrigerators, Full-sized washers/dryers in all units with individual utility rooms, Oversized windows in all living areas with upgraded coverings, Solid surface counters with high-quality kitchen cabinetry, Upgraded plumbing/lighting fixtures throughout, High-end bathroom cabinetry, Designer two-tone paint, Polished concrete floors in the living/dining areas & Central heating. Building common areas consist of Controlled-access parking garage with two spaces per each dwelling unit with guest overflow parking and Outdoor resident "sanctuaries" with gas barbeques and picnic tables. The Opportunity: The Millcreek Apartments offers investors a turn-key investment opportunity with optimal exposure located in the bustling East Millcreek transportation corridors on 900 E. Access to 'all things" Salt Lake County is mid-point between Downtown Salt Lake City, Cottonwood Heights and Murray which is coveted by the resident profile consistent of young, upwardly-mobile professionals. Development of this property had undergone the exact scrutiny of East Millcreek Planning which required the highest construction materials and standards of the multi-housing development along the Wasatch Front. This provides investors long-term "bond" by owning quality workforce housing with low maintenance finishes and construction methods for long term. These investments present a perfect "turn key" 1031 opportunity for both local and out of state investors due to the superb construction quality, beautifully curated floorplans and ideal location with in the desirable East Millcreek vicinity.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Multi-Family
Interior
Interior Features Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Heating Electric, Forced Air
Flooring Carpet, Concrete
Fireplace false
Exterior
Exterior Feature Balcony, Secured Building, Sliding Glass Doors
Garage Spaces 22.0
Waterfront No
View Y/N No
Present Use Residential
Topography Sprinkler: Auto-Full
Parking Type Covered
Total Parking Spaces 22
Private Pool false
Building
Lot Description Sprinkler: Auto-Full
Structure Type Stucco
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Roosevelt
Middle Schools Evergreen
High Schools Granite Peaks
School District Granite
Others
Senior Community No
Tax ID 16-32-179-063
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Seller Financing
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Bought with Realtypath LLC (South Valley)