Investor special!! Seller is offering a $6,000 buyer credit to help buy down their interest rate. This property is already rented out with long term tenants in place. Current tenants lease will expire June 2023. Current cap rate is just under 5%. This property has been professionally managed by Renters Warehouse since day one. After sale of property new owner can choose to take on management themselves or have Renters Warehouse continue management. This property has seen annual rent increases over 8% since the owner originally purchased it. The Real Salt Lake Academy is right down the street from this complex. The future U of U and SLCC campus is being built right across the street. A new Lee's Marketplace just opened up next door to this condo. Within a 5 minute drive of this condo the new Mountain View Village, featuring a new Cinemark theatre that just opened up with shopping and new restaurants. The brand new Riverton Costco is also within a 5 minute drive. Camp Williams and Silicon Slopes are within a 20 minute drive away. Seller is related to agent.
Ridge ViewElementary School
South HillsMiddle School