The Park Spring Apartments - 23 Units Salt Lake City - $5,750,000
4 Days
150
4
$5,750,000.00
Derek
Description
Condition
Legend Commercial is excited to Present the opportunity to acquire The Park Spring Apartments, a 23-unit multifamily asset.
Located in the charming Marmalade Hill neighborhood, this investment benefits from a very strong tenant demand and longevity, driven by a vibrant community feel and proximity to key employers, higher education, and financial and tech business districts.
The Park Spring Apartments have been extremely well-maintained and managed. Investors would benefit from a combination of strong rental performance, proven cash flow, long-term tenancy, and consisten value appreciation.
A new owner can step into the management role and seamlessly take over a very professionally run owner/manager position or hire a third-party property management company who will step into this well-managed opportunity with ease. Either way value can be added by implementing light interior renovations and actualizing rent premiums of approximately $200 per unit.
visit the link below for more info:
https://www.legendcommercial.com/parkspring
Page Stats
Safe. Simple. Trusted.
KSL Classifieds makes it easy to buy and sell with peace of mind. Check our safety tips and quickly report anything that doesn’t look right to keep your experience smooth and secure.
The Park Spring Apartments - 23 Units Salt Lake City - $5,750,000
4 Days
150
4
$5,750,000.00
Derek
Page Stats
Safe. Simple. Trusted.
KSL Classifieds makes it easy to buy and sell with peace of mind. Check our safety tips and quickly report anything that doesn’t look right to keep your experience smooth and secure.
Description
Condition
Legend Commercial is excited to Present the opportunity to acquire The Park Spring Apartments, a 23-unit multifamily asset.
Located in the charming Marmalade Hill neighborhood, this investment benefits from a very strong tenant demand and longevity, driven by a vibrant community feel and proximity to key employers, higher education, and financial and tech business districts.
The Park Spring Apartments have been extremely well-maintained and managed. Investors would benefit from a combination of strong rental performance, proven cash flow, long-term tenancy, and consisten value appreciation.
A new owner can step into the management role and seamlessly take over a very professionally run owner/manager position or hire a third-party property management company who will step into this well-managed opportunity with ease. Either way value can be added by implementing light interior renovations and actualizing rent premiums of approximately $200 per unit.
visit the link below for more info:
https://www.legendcommercial.com/parkspring
