Murray 404

Highlights:

• Welcome to where comfort meets convenience! Our community offers a range of amenities that are designed to make your life easier and more enjoyable. One of our most popular amenities is our BBQ area. Gather your friends and family for a delicious outdoor cookout, complete with plenty of seating and shaded areas to keep you cool on hot summer days. Additional amenities include:
• Resident lounge
• Brand-new fitness center
• Fire Pits
• Large Grass Areas
• BBQ courtyard with seating
• Community laundry rooms
• Assigned resident parking spots with covered parking
• On-site professional management team
• Elevator access
• Individual large, locked storage room included with each unit
• Short distance to Trax, IMC, and shopping
• Live within an ideal blend of traditional design with modern conveniences. Prepare a meal in your upgraded kitchen complete with stainless steel appliances, quartz countertops, and two-toned cabinetry. Our units are large and spacious to feel at home. High end finishes include:
• Luxury Plank Flooring
• Quartz countertops
• Moen chrome fixtures
• Stainless steel GE kitchen appliances
• Microwave
• Refrigerator
• 4 burner range electric stove
• Dishwasher
• Disposal
• Two-tone kitchen cabinetry
• Air conditioning in all units
• Panoramic views
• Open-concept floorplans
• Full-height backsplash
• Undermount stainless steel sinks

Description:

This newly renovated 39-unit multifamily property offers an exceptional buy-and-hold opportunity in the heart of Murray, Utah. Originally built in 1969, it has been tastefully upgraded in 2023, featuring modern interiors and community amenities. Residents enjoy a brand-new fitness center, resident lounge, fire pits, and a spacious BBQ courtyard for social gatherings. Each unit comes with an individual locked storage room, while assigned covered parking ensures convenience and security. The property spans 2.6 acres, providing ample green space for relaxation and recreation. With 79.49% occupancy, there’s immediate room to increase rental income by leasing the remaining eight vacant units. Proximity to shopping, healthcare, and public transit boosts the property’s long-term investment appeal. Priced at $10,500,000, this complex presents robust upside potential in one of Utah’s most vibrant submarkets.

Nestled in the core of Salt Lake County, Murray is fondly referred to as the “Hub of Salt Lake County.” Its central position provides residents with convenient access to major transportation routes, including I-15 and I-215, as well as TRAX light rail. Murray boasts a thriving economic landscape supported by various industries, making it an attractive area for both businesses and residents. Local amenities include diverse retail options, quality healthcare facilities such as Intermountain Medical Center, and abundant recreational opportunities at nearby parks and trails. Its blend of suburban comfort and urban access continues to draw steady rental demand and long-term property appreciation.

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