404 E 5600 S

Murray UT 84107

38374 sq. ft.

113256 sq. ft.

Other

Currently for sale - view listing

Overview

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 $9,500,000, 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