Multifamily
Connie Jean
2880 S 200 E, South Salt Lake, UT 84115
Listing Price: $3,250,000
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Connie Jean Apartments. Located in the growing Salt Lake market, this opportunity offers value-add potential for a new owner through physical improvements and increasing rents and ancillary fees to market rates. Connie Jean benefits from its proximity to downtown, I-15, and I-80. Salt Lake is the state's largest business center and offers various economic and recreational appeals. Large companies and schools nearby such as Goldman Sach's, Zion's Bank, the University of Utah, and Westminster University, add to the strong and growing local economy.
Connie Jean
Investment Highlights
- Value-Add Potential | Currently renting below-market, a new owner can increase base rents by ±$172 per month to add ±$41,280 in gross annual income.
- Well-Located | Connie Jean benefits from its central location, near I-15, I-80, and major employment centers including Downtown Salt Lake.
- Growth Potential | With Utah recently projected to grow in population by over 500,000 people in the next nine years; demand tailwinds will further increase tenant demand, rents, and property values.
Listing Price: $3,250,000
Investment Highlights
- Value-Add Potential | Currently renting below-market, a new owner can increase base rents by ±$172 per month to add ±$41,280 in gross annual income.
- Well-Located | Connie Jean benefits from its central location, near I-15, I-80, and major employment centers including Downtown Salt Lake.
- Growth Potential | With Utah recently projected to grow in population by over 500,000 people in the next nine years; demand tailwinds will further increase tenant demand, rents, and property values.
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Connie Jean Apartments. Located in the growing Salt Lake market, this opportunity offers value-add potential for a new owner through physical improvements and increasing rents and ancillary fees to market rates. Connie Jean benefits from its proximity to downtown, I-15, and I-80. Salt Lake is the state's largest business center and offers various economic and recreational appeals. Large companies and schools nearby such as Goldman Sach's, Zion's Bank, the University of Utah, and Westminster University, add to the strong and growing local economy.
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