801.577.2175 jody@acresutah.com

commercial real estate listings

Featured listing

The Millcreek Apartments
3575 S & 3357 S 900 E

SALE PRICE

$4,200,000

Contact
Jody Jones, CCIM
Align Complete Real Estate
801-577-2175

The Opportunity

The Millcreek Apartments offers investors a turn-key investment opportunity with optimal exposure located on the bustling East Millcreek transportation corridors on 900 E. Access to “all-things” Salt Lake County is midpoint between downtown Salt Lake City, Cottonwood Heights, and Murray which is covered by the resident profile consisting of young, upwardly-mobile professionals. Development of these properties has undergone the exacting scrutiny of East Millcreek Planning which require the highest construction materials and standards of multi housing development along the Wasatch Front. This property provides investors a long-term “bond” by owning quality workforce housing with low maintenance finishes and construction methods for the long-term. The combination of quality construction, large, livable floorplans and bulletproof East Millcreek location has resulted in high occupancies, almost non-existent concessions and top of the market in this submarket

property details

Millcreek 14, constructed in 2018 consists of two beautifully constructed buildings, a six unit building at 3350 S. 900 E. and an eight unit building located at 3579 S. 900 E. in East Millcreek. The buildings are 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 10-foot ceilings with class-A amenities and finishes which consist of the following:
  • 2 Apartment Buildings
  • 14 Total Units
    • 3357 S: 6 Units
    • 3575 S: 8 Units
  • Constructed in 2018 with Class-A
    amenities and finishes
  • Upgraded GE stainless kitchen appliances with
    gas ranges and side-by-side refrigerators
  • Controlled-access garage parking
  • Full-size washer/dryers in all units
    with individual utility rooms
  • Oversized windows in all living area
    with upgraded coverings
  • Upgraded plumbing/lighting fixtures throughout
  • Polished concrete floors in the living/dining areas
  • Central HVAC
  • Assumable Banner Banker 5 year Loan
    • $1,250,000 @ 3.8% fixed; 4.5 years left

Unit Configurations

3575 South 900 East

  • 1 – One Bedroom/One Bath @ 667 SF
  • 5 – Three Bedroom/Two Bath @ 1,280 SF
3357 South 900 E

  • 1 – One Bedroom/One Bath @ 650 SF
  • 4 – Two Bedroom/Two Bath @ 925 SF
  • 3 – Two Bedroom/Two Bath @ 1,210 SF

PROPERTY PHOTOS

Office Space 9th 9th Salt Lake City
Office Space 9th 9th Salt Lake City
Office Space 9th 9th Salt Lake City
Office Space 9th 9th Salt Lake City

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Contact Jody Jones

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Jody Jones, Commercial Real Estate Utah

Jody Jones, CCIM
1075 East Hollywood Avenue
Salt Lake City, Utah 84105
jody@acresutah.com
801.577.2175

AREAS WE SERVE:
Salt Lake City
Downtown | 9th and 9th | Granary District
Sugarhouse | Cottonwood Heights | Millcreek | Murray | West Valley | South Jordan