Property Facts
This newly renovated 39-unit multifamily property offers an exceptional buy-and-hold opportunity in the heart of Murray, Utah. Originally built in 1969, it has been tastefully upgraded in 2023, featuring modern interiors and community amenities. Residents enjoy a brand-new fitness center, resident lounge, fire pits, and a spacious BBQ courtyard for social gatherings. Each unit comes with an individual locked storage room, while assigned covered parking ensures convenience and security. The property spans 2.6 acres, providing ample green space for relaxation and recreation. With 79.49% occupancy, there's immediate room to increase rental income by leasing the remaining eight vacant units. Proximity to shopping, healthcare, and public transit boosts the property's long-term investment appeal. Priced at $10,500,000, this complex presents robust upside potential in one of Utah's most vibrant submarkets. Location Description (Murray, Utah) Nestled in the core of Salt Lake County, Murray is fondly referred to as the "Hub of Salt Lake County." Its central position provides residents with convenient access to major transportation routes, including I-15 and I-215, as well as TRAX light rail. Murray boasts a thriving economic landscape supported by various industries, making it an attractive area for both businesses and residents. Local amenities include diverse retail options, quality healthcare facilities such as Intermountain Medical Center, and abundant recreational opportunities at nearby parks and trails. Its blend of suburban comfort and urban access continues to draw steady rental demand and long-term property appreciation. Highlights Located in the Heart of Murray Easy Access to Public Transit Unique Building Conversion Perfect Buy & Hold Asset Renovated in 2023 Additional amenities include: Resident lounge Brand-new fitness center Fire Pits Large Grass Areas BBQ courtyard with seating Community laundry rooms Assigned resident parking spots with covered parking On-site professional management team Elevator access Individual large, locked storage room included with each unit Short distance to Trax, IMC, and shopping Luxury Plank Flooring Quartz countertops Moen chrome fixtures Stainless steel GE kitchen appliances Microwave Refrigerator 4 burner range electric stove Dishwasher Disposal Two-tone kitchen cabinetry Air conditioning in all units Panoramic views Open-concept floorplans Full-height backsplash Undermount stainless steel sinks
Property Features
Interior Features
Exterior Features
Other Features
Totals
Unit Configuration 1
| Total Number Values | Air Conditioning | |||
|---|---|---|---|---|
| Number of Units: 0 | Deck: 0 | Patio: 0 | Gas: 0 | Elec: 0 |
| Furnished: 0 | Unfurnished: 0 | Gas Meters: 0 | Elec (win): 0 | Evap: 0 |
| Elec Meters: 0 | Disposals: 0 | Dishwashers: 0 | Evap (win): 0 | Pump: 0 |
| Oven-Ranges: 0 | Refrigerators: 0 | Solar: 0 | ||
Per Unit Values
| Lvl | Approx Sq Ft |
Bed Rms |
Bath | Fam | Den | Formal Living Rm |
Kitchen Dining |
Laundry | Fireplace | |||||
| F | ¾ | ½ | K | B | F | S | ||||||||
| 3+ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tot | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Covered Parking: 0 | Uncovered Parking: 0 | Storage Units: 0 |
|---|
Zoning Information
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| Hillcrest Jr High School Public Middle School |
7-9 | 0.47 mi | |
| Mcmillan School Public Elementary |
K-6 | 0.37 mi | |
| Christ Lutheran School Private Preschool, Elementary, Middle School |
PK | 0.15 mi | |
| Mount Vernon Academy Private Elementary, Middle School, High School |
K-12 | 0.15 mi | |
| Murray High School Public High School |
10-12 | 0.55 mi | |
| Parkside School Public Elementary |
K-6 | 0.73 mi | |
| Woodland Hills School Private Middle School, High School |
7-12 | 0.87 mi | |
| Murray Adult Transition Public High School |
9-12 | 0.95 mi | |
| Liberty School Public Elementary |
K-6 | 0.97 mi | |
| Longview School Public Elementary |
K-6 | 1.02 mi | |
| Twin Peaks School Public Preschool, Elementary |
PK | 1.17 mi | |
| Murray District Preschool, Elementary, Middle School, High School |
1.23 mi | ||
| Montessori School of Murray Private Preschool, Elementary |
PK | 1.32 mi | |
| Academy For Math Engineering & Science (Ames) Charter High School |
9-12 | 1.50 mi | |
| Cottonwood High School Public High School |
9-12 | 1.50 mi |
School data provided by GreatSchools.
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Listing Broker
Investment Realty Advisors LLC
411 W 7200 S Ste 201
Midvale, UT 84047
435-485-7070