Multifamily
3910-3914 S 1040 E
3910 1040 E, Salt Lake City, UT 84106
Listing Price: $2,100,000
Investment Overview
Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers.
The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn.
The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market.
3910-3914 S 1040 E
Investment Highlights
- Portfolio Entry Point: Offered individually from a 16-unit, two-property portfolio. Seller prefers a package but will consider individual offers.
- Core+ Cash Flow with Upside: Stable in-place income backed by ~2.5-year avg. tenancy, with mark-to-market opportunity as units turn.
- Utah Demand Fundamentals: Sustained population growth and a widening mortgage-to-rent gap continue to drive renter demand in Millcreek.
Exclusively Listed By
Listing Price: $2,100,000
Investment Highlights
- Portfolio Entry Point: Offered individually from a 16-unit, two-property portfolio. Seller prefers a package but will consider individual offers.
- Core+ Cash Flow with Upside: Stable in-place income backed by ~2.5-year avg. tenancy, with mark-to-market opportunity as units turn.
- Utah Demand Fundamentals: Sustained population growth and a widening mortgage-to-rent gap continue to drive renter demand in Millcreek.
Investment Overview
Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers. The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn. The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market.
Exclusively Listed By
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