Multifamily
Mayfly Rise Townhomes
160 N Main St, Clearfield, UT 84015
Listing Price: $18,500,000
Investment Overview
Marcus & Millichap is pleased to present Mayfly Rise Townhomes, a 48-unit townhome community located in Clearfield, Utah within the growing Davis County submarket. The property features a desirable mix of spacious two- and three-bedroom townhome-style units, each with attached two-car garages, catering to long-term renter demand.
Mayfly Rise presents a clear opportunity for operational upside through revenue enhancements and continued rent growth. Supported by strong Davis County demographics and sustained population growth, the asset is well positioned for durable occupancy and long-term NOI expansion.
Mayfly Rise Townhomes
Investment Highlights
- Operational Revenue Upside: Minimal other income currently collected provides an opportunity to implement RUBs, add cable/internet packages, and introduce ancillary revenue streams to increase NOI.
- Desirable Townhome Unit Mix: Townhome-style layouts featuring 31 three-bedroom units (1,770 SF) and 17 two-bedroom units (1,550 SF), all with attached two-car garages.
- Strong Davis County Demographics: With population growth exceeding 25% since 2010, Davis County continues to benefit from expanding households, above-average incomes, and durable renter demand.
Exclusively Listed By
Listing Price: $18,500,000
Investment Highlights
- Operational Revenue Upside: Minimal other income currently collected provides an opportunity to implement RUBs, add cable/internet packages, and introduce ancillary revenue streams to increase NOI.
- Desirable Townhome Unit Mix: Townhome-style layouts featuring 31 three-bedroom units (1,770 SF) and 17 two-bedroom units (1,550 SF), all with attached two-car garages.
- Strong Davis County Demographics: With population growth exceeding 25% since 2010, Davis County continues to benefit from expanding households, above-average incomes, and durable renter demand.
Investment Overview
Marcus & Millichap is pleased to present Mayfly Rise Townhomes, a 48-unit townhome community located in Clearfield, Utah within the growing Davis County submarket. The property features a desirable mix of spacious two- and three-bedroom townhome-style units, each with attached two-car garages, catering to long-term renter demand. Mayfly Rise presents a clear opportunity for operational upside through revenue enhancements and continued rent growth. Supported by strong Davis County demographics and sustained population growth, the asset is well positioned for durable occupancy and long-term NOI expansion.
Exclusively Listed By
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