Townhome Apartment
6563 S LOVENDAHLE CT, Murray, UT 84107
For Sale
$3,800,000
Pending
Eleven individually parceled residences are arranged in two buildings in Murray.
Property Size18,559 SF
Days on Market58
Property Features for 6563 S LOVENDAHLE CT
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
landscaped green space
Building Details
Year Built
Buildings
Listing Agency:
REALTY OF AMERICA LLC
(214) 738-7424
Listed By:
Justin Udy
(385) 531-0488
Source:
Markhaaga
Added: Sep 14
Changed: Nov 9
Last Checked: Nov 9 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY OF AMERICA LLC
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Investment Insights
Based on property information with market context.
Built in 2010, this 11-unit apartment property comprises two buildings configured with five and six residences. Each townhome has three bedrooms and 3.5 bathrooms, including dual primary suites with ensuite baths, walk-in closets, vaulted ceilings, and upstairs laundry. Interior details include granite counters, tile, solid wood doors, and knotty alder trim. Some units have fireplaces; each offers a private patio or backyard area. The property is fully occupied and includes landscaped green space, 18 covered carport spaces, and six guest parking spaces.
The property is in Murray, with immediate access to Interstate 215 and Fashion Place Mall. Downtown Salt Lake City is 16 minutes away.
The property is in Murray, with immediate access to Interstate 215 and Fashion Place Mall. Downtown Salt Lake City is 16 minutes away.
Key Highlights
- 11 individually parceled townhome units in two buildings, configured as a 5‑unit and 6‑unit building
- Fully occupied; built in 2010
- Each residence has 3 bedrooms, 3.5 bathrooms, dual primary suites, and upstairs laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,918
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,598,360
$4.6M
Cap Rate 7%
$3,284,543
$3.3M
Cap Rate 9%
$2,554,644
$2.6M
Market Conditions
NOI Build-Up for 18,559 SF
Gross rent
$441.0K $23.76/SF
− Vacancy
−$22.9K −$1.24/SF
EGI
$418.0K $22.52/SF
− OpEx
−$188.1K −$10.14/SF
NOI
$229.9K $12.39/SF
Area
Salt Lake County, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,598,360
Cap Rate 7%
$3,284,543
Cap Rate 9%
$2,554,644
Alternative Uses
Best Use
Apartment 5plus
$3.28M
$2.87M – $3.83M
NOI $229,918 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.38M – $5.83M
NOI $350,004 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
11
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,228
Businesses Nearby
Explore this area
Business Placement
Demographics for 84107, UT
37,713
Population
17,287
Households
2.2
Avg Household Size
34
Median Age
38%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
5,028
Density / Sq Mi
$73,469
Median Household Income
$46,098
Median Earnings
$1,387
Median Rent
$426,000
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Salt Lake County, UT
Properties on Market for Apartment buildings in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eleven individually parceled residences are arranged in two buildings in Murray.
Where is this apartment building located?
The property is located at 6563 S LOVENDAHLE CT Murray, UT.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 11 individually parceled townhome units in two buildings, configured as a 5‑unit and 6‑unit building; Fully occupied; built in 2010; Each residence has 3 bedrooms, 3.5 bathrooms, dual primary suites, and upstairs laundry
