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Multifamily

Homestead Apartments

4109 Highland Dr., Holladay, UT 84124

Listing Price: Request For Offer

Number of Units
20
Occupancy
97.0%
Gross SF
17,718

Investment Overview

Positioned in the heart of Salt Lake Valley in the bedroom community of Holladay Utah, these units off of Highland Drive offers 20 Value-Add apartment units for investors. The Homestead apartments have a great location giving tenants easy access to the major employment centers throughout the valley. The property is currently earning $1.29 PSF in rents and should be at or above $1.64 PSF. This property is a great opportunity to take advantage of the amazing rent growth on the Wasatch Front! Located less than ten miles southwest of Salt Lake City, Holladay offers residents a peaceful suburban environment with access to big-city amenities and recreational opportunities in the nearby mountains. Holladay residents also enjoy suburban conveniences like local shops, diverse restaurants, and community events. Natural beauty abounds in Holladay, with tree-laden public spaces, scenic trails, and stunning views of Mount Olympus. Families flock to Holladay for its top-notch schools, low crime rate, and close proximity to Salt Lake City. Easy access to the I-215 makes commuting and traveling from Holladay simple.

Investment Highlights

  • 20 Unit Value Add Opportunity! - Great Location and Under Market Rents make this property and ideal investment.
  • Great Location! - Located in the heart of the Salt Lake Valley - Close to Downtown, Employers, & Mass Transit.
  • Great Unit Mix and Age! - 12/20 units were built in 2000! Property has a mix of 1 Bed / 1 Bath, 2 Bed / 1 Bath, and 2 Bed / 2 Bath Units.

Exclusively Listed By

  • Kristopher Mortensen

    Senior Associate

    (801) 736-2634

    Email Kristopher

    License(s): UT: 9789720-SA00

    Salt Lake City

  • Jacob J. Miles

    Senior Associate

    Email Jacob

    License(s): UT: 11449836-SA00, ID: SP53647

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

  • Brock Zylstra

    Senior Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

Financing By

Multifamily

Homestead Apartments

Listing Price: Request For Offer

Number of Units
20
Occupancy
97.0%
Gross SF
17,718

Investment Highlights

  • 20 Unit Value Add Opportunity! - Great Location and Under Market Rents make this property and ideal investment.
  • Great Location! - Located in the heart of the Salt Lake Valley - Close to Downtown, Employers, & Mass Transit.
  • Great Unit Mix and Age! - 12/20 units were built in 2000! Property has a mix of 1 Bed / 1 Bath, 2 Bed / 1 Bath, and 2 Bed / 2 Bath Units.

Investment Overview

Positioned in the heart of Salt Lake Valley in the bedroom community of Holladay Utah, these units off of Highland Drive offers 20 Value-Add apartment units for investors. The Homestead apartments have a great location giving tenants easy access to the major employment centers throughout the valley. The property is currently earning $1.29 PSF in rents and should be at or above $1.64 PSF. This property is a great opportunity to take advantage of the amazing rent growth on the Wasatch Front! Located less than ten miles southwest of Salt Lake City, Holladay offers residents a peaceful suburban environment with access to big-city amenities and recreational opportunities in the nearby mountains. Holladay residents also enjoy suburban conveniences like local shops, diverse restaurants, and community events. Natural beauty abounds in Holladay, with tree-laden public spaces, scenic trails, and stunning views of Mount Olympus. Families flock to Holladay for its top-notch schools, low crime rate, and close proximity to Salt Lake City. Easy access to the I-215 makes commuting and traveling from Holladay simple.

Exclusively Listed By

  • Kristopher Mortensen

    Senior Associate

    (801) 736-2634

    Email Kristopher

    License(s): UT: 9789720-SA00

    Salt Lake City

  • Jacob J. Miles

    Senior Associate

    Email Jacob

    License(s): UT: 11449836-SA00, ID: SP53647

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

  • Brock Zylstra

    Senior Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

Financing By

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