1364 Glenrose Dr Salt Lake City, UT 84104

This exceptional value-add multifamily investment opportunity in Salt Lake City, Utah, consists of a portfolio of five properties totaling twelve units. The portfolio boasts a strong 100% occupancy rate, generating a substantial net operating income (NOI) of $173,854, resulting in a compelling 5.80% capitalization rate. The properties, classified as Class C, encompass a combined 13,752 square feet, with an asking price of $3,000,000, translating to $218.15 per square foot and $250,000 per unit. The portfolio is offered fee simple and presents a unique chance to capitalize on Salt Lake City's thriving real estate market. The properties are strategically located across multiple addresses in Salt Lake County, including Glenrose Drive and Mandalay Road, offering diverse investment potential. This is a rare opportunity to acquire a well-performing, multi-building portfolio with significant upside potential for value-add investors. The two-story buildings provide a solid foundation for future improvements and increased profitability. The portfolio's current condition allows for immediate implementation of investor-driven strategies. This is a turnkey investment ready for immediate income generation and future growth. The properties are located in the 84104 and 84116 zip codes.