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Multifamily

The Linq at Sugarhouse

1480 S 1100 E, Salt Lake City, UT 84105

Listing Price: $3,500,000

Cap Rate
5.10%
Number of Units
16
GRM
11.39
Occupancy
99.0%
Price/Unit
$218,750
Price/Gross SF
$416.67
Gross SF
8,400

Investment Overview

Marcus & Millichap is pleased to present The Linq at Sugarhouse, a newly renovated opportunity in Salt Lake City, Utah. This property contains 16 one-bedroom units and offers tenants connectivity throughout the Salt Lake Valley.

Residents and investors alike will benefit from the centrality of The Linq at Sugarhouse. In the Sugarhouse neighborhood, the subject property is less than 5 miles from various large shopping districts and malls, renowned parks and recreation, and proximity to schools and higher education facilities. Located just between Interstate 15 (I-15) and Interstate 215 (I-215), this location allows residents quick access to all major business and recreation hubs in the metropolitan area including downtown Salt Lake City, Silicon Slopes, and the industrial districts of West Valley.

Investment Highlights

  • Prime Location: Situated in coveted Sugarhouse, one of Salt Lake's most desirable areas, abundant with shopping, dining, and entertainment options.
  • Turnkey Renovation: Recent extensive renovations offer immediate potential for increased value and accelerated returns.
  • Untapped Potential: Opportunity for further growth by aligning rents with market rates and implementing efficient management strategies.

Exclusively Listed By

Financing By

Multifamily

The Linq at Sugarhouse

Listing Price: $3,500,000

Cap Rate
5.10%
Number of Units
16
GRM
11.39
Occupancy
99.0%
Price/Unit
$218,750
Price/Gross SF
$416.67
Gross SF
8,400

Investment Highlights

  • Prime Location: Situated in coveted Sugarhouse, one of Salt Lake's most desirable areas, abundant with shopping, dining, and entertainment options.
  • Turnkey Renovation: Recent extensive renovations offer immediate potential for increased value and accelerated returns.
  • Untapped Potential: Opportunity for further growth by aligning rents with market rates and implementing efficient management strategies.

Investment Overview

Marcus & Millichap is pleased to present The Linq at Sugarhouse, a newly renovated opportunity in Salt Lake City, Utah. This property contains 16 one-bedroom units and offers tenants connectivity throughout the Salt Lake Valley. Residents and investors alike will benefit from the centrality of The Linq at Sugarhouse. In the Sugarhouse neighborhood, the subject property is less than 5 miles from various large shopping districts and malls, renowned parks and recreation, and proximity to schools and higher education facilities. Located just between Interstate 15 (I-15) and Interstate 215 (I-215), this location allows residents quick access to all major business and recreation hubs in the metropolitan area including downtown Salt Lake City, Silicon Slopes, and the industrial districts of West Valley.

Exclusively Listed By

Financing By

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