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33645478
33645472

884 Rowley Drive, Millcreek, UT 84107

Mountain Land Realty
Listed by Mountain Land Realty
$3,500,000
1257 days on market
Updated 11 days ago

Millcreek

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 40,600
Net Rentable (SqFt) 9,737
Units 2
Cap Rate 0.41%
NOI $14,414
Pro-Forma Cap Rate 4.94%
Pro-Forma NOI $173,000
Price per SqFt $359
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Acreage 1.440
Zoning Multi Unit
Sale Condition N/A

Multifamily $515,000/unit

Marketing description

Exceptional opportunity to acquire seven newly constructed rental townhomes in the heart of Millcreek. This 31-unit community is comprised of individually platted residences, each with its own tax ID, offering flexibility to purchase an entire 7-unit building or select a smaller portfolio of units.

These upscale townhomes feature premium finishes throughout, including quartz waterfall countertops, modern cabinetry, high-efficiency HVAC systems, Google Fiber connectivity, expansive windows that fill the homes with natural light, and private tandem two-car garages.

Residents enjoy access to a community pickleball/sports court and park area. Ideally situated on Millcreek’s desirable east side, the property offers convenient access to world-class ski resorts, downtown Salt Lake City, top-rated schools, shopping, dining, and recreation.

Contact us today to schedule a private accompanied tour.

Investment highlights

Individual unit just sold for 560k so getting these at 500k per door is a great buy.

Listing Contacts

Mountain Land Realty
Listed by Mountain Land Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$14,414.00
$1,201.17/mo

Valuation Metrics

0
DSCR
0.41%
Cap Rate
0.41%
ROI

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Additional Information

Name
John Loveday
License
8779540-SA00
Brokerage
Equity Real Estate
Brokerage Phone
801-910-1893
Title
Broker of Record
Brokerage Address
1218 E 7800 S Sandy
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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