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Multifamily

Shulsen Lane

8561 Shulsen Ln, West Jordan, UT 84088

Listing Price: $1,800,000

Number of Units
8
GRM
1,800,000.00
Price/Unit
$225,000
Price/Gross SF
$225.00
Gross SF
8,000

Investment Overview

SHULSEN LANE APARTMENTS OFFER RENOVATED VALUE-ADD POTENTIAL IN THE HEART OF WEST JORDAN, UTAH

Marcus & Millichap is pleased to present the exclusive listing of Shulsen Lane Apartments, a renovated 8-unit value-add opportunity. This complex has spacious and open floor plans, with each unit at ±1,000 SF. Shulsen Lane is one of the few apartment communities that is below market-rate in the Salt Lake Valley, providing potential investors with opportunities to raise rents, increase cash flow, and obtain future rent growth.

Residents and investors alike benefit from the location of Shulsen Lane Apartments. With its location in the heart of West Jordan, Utah, the property benefits from the proximal economy of Salt Lake City, a rapidly developing market in the heart of Utah.

Investment Highlights

  • STRATEGIC LOCATION: Shulsen Lane Apartments, near Downtown West Jordan and Redwood Road, offer convenience, ensuring high tenant demand and optimal investment potential.
  • SPACIOUS UNITS: With all 8 floor plans at ±1,000 SF, units provide ample space, setting them apart in West Jordan and attracting quality, long-term tenants.
  • BELOW-MARKET RENTS: Current rents below market rates offer immediate revenue growth potential, with an average increase of ±$623 per month per unit.
  • RENOVATION UPSIDE: Renovating units to align rents at approximately ±$1,550 per month ensures sustained profitability for investors in Shulsen Lane Apartments.

Exclusively Listed By

Financing By

Multifamily

Shulsen Lane

Listing Price: $1,800,000

Number of Units
8
GRM
1,800,000.00
Price/Unit
$225,000
Price/Gross SF
$225.00
Gross SF
8,000

Investment Highlights

  • STRATEGIC LOCATION: Shulsen Lane Apartments, near Downtown West Jordan and Redwood Road, offer convenience, ensuring high tenant demand and optimal investment potential.
  • SPACIOUS UNITS: With all 8 floor plans at ±1,000 SF, units provide ample space, setting them apart in West Jordan and attracting quality, long-term tenants.
  • BELOW-MARKET RENTS: Current rents below market rates offer immediate revenue growth potential, with an average increase of ±$623 per month per unit.
  • RENOVATION UPSIDE: Renovating units to align rents at approximately ±$1,550 per month ensures sustained profitability for investors in Shulsen Lane Apartments.

Investment Overview

SHULSEN LANE APARTMENTS OFFER RENOVATED VALUE-ADD POTENTIAL IN THE HEART OF WEST JORDAN, UTAH Marcus & Millichap is pleased to present the exclusive listing of Shulsen Lane Apartments, a renovated 8-unit value-add opportunity. This complex has spacious and open floor plans, with each unit at ±1,000 SF. Shulsen Lane is one of the few apartment communities that is below market-rate in the Salt Lake Valley, providing potential investors with opportunities to raise rents, increase cash flow, and obtain future rent growth. Residents and investors alike benefit from the location of Shulsen Lane Apartments. With its location in the heart of West Jordan, Utah, the property benefits from the proximal economy of Salt Lake City, a rapidly developing market in the heart of Utah.

Exclusively Listed By

Financing By

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