4578 S 700 E - Apartments FOR SALE


Murray, UT 84107
$3,000,000 USD
801-736-2634
4578 S 700 E, Murray, UT for Sale
$3,000,000 USD
Apartments - FOR SALE
1/12
null | 6.4% Cap Rate

4578 S 700 E
Murray, UT 84107


HIGHLIGHTS

  • Value Add Opportunity!
  • Great Location!
  • Huge Units!

OVERVIEW

OM COMING SOON! Property Overview: Nestled just off 4500 S and 700 E in the heart of Murray, Utah, Murray Cove Apartments offers a rare blend of modern living, convenience, and investment potential. This meticulously designed property features spacious 1,400 sq. ft. townhome-style units with attached garages, appealing to tenants seeking upscale rental options with the comforts of a single-family home. Key Highlights: Spacious and Unique Units: Each unit boasts a 1,400 sq. ft. townhome-style layout with attached garages, providing a distinctive living experience in a market dominated by traditional apartments. Ideal for families and professionals seeking spacious, well-appointed living spaces. Rental Growth Potential: Current average rents are $1.18 per sq. ft. which indicates significant room for increases, with market rates exceeding $1.60 per sq. ft. This property presents a prime opportunity for boosting cash flow and maximizing ROI. Strategic Location: Situated near 4500 S and 700 E, tenants enjoy convenient access to major transportation routes, including nearby freeways. Close proximity to schools, shopping, dining, and recreational hubs enhances tenant appeal. Stable Tenant Demand: The property’s desirable features—spacious layouts, attached garages, and a prime location—support tenant retention and minimize vacancy risks. Consistent demand from families and professionals ensures long-term occupancy. Value Appreciation Potential: With strong market demand for larger, upscale rental units, the property is well-positioned for long-term appreciation. Enhanced rent potential further supports robust investment returns. Access to Employment Centers: Murray’s thriving business districts and employment hubs are within a short commute, making the property attractive to working professionals. This convenience fosters tenant satisfaction and strengthens the property's competitive edge.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

10

PRICE/UNIT

$300,000

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murray Cove Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

RM15

APN/PARCEL ID

22-06-478-022-0000

ASK ABOUT THIS PROPERTY

Kris MortensenMountain West CommercialMore Info
801-736-2634

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Kris MortensenMountain West CommercialMore Info
801-736-2634

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.