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29145006
29145008

4372 S 900 E, Millcreek, UT 84124

WM
UT 10373936-SA00
MMG Real Estate
AR
CO CO 100024441
MMG
Listed by MMG Real Estate, MMG
$9,490,000
147 days on market
Updated 66 days ago

Quincy Townhomes

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,360
Units 20
Pro-Forma Cap Rate 5.33%
Pro-Forma NOI $505,891
Price per SqFt $323
Year Built 2025
Buildings 4
Stories 3
Acreage 0.660

Multifamily | 20 Units | $474,500/unit

Marketing description

MMG Real Estate Advisors is pleased to present the opportunity to acquire The Quincy Townhomes, a newly constructed community located in the heart of Millcreek, Utah. The property combines modern design, premium finishes, and a walkable location near top retail, dining, and recreation options. With strong fundamentals, value-add potential, and multiple exit strategies, this asset presents an attractive investment opportunity in one of Salt Lake County’s most desirable submarkets.

Investment highlights

  • Prime Millcreek Location Near Retail, Dining & Recreation: The Quincy Townhomes offer a prime location in the heart of Millcreek. Residents enjoy walkable access to Smith’s, Walmart, 7 Brew, Java Joe’s, and The Ivy Place Shopping Village. Just an 8-minute drive takes you to Millcreek Commons—with its climbing wall, splash pad, and roller rink—or the charming shops and dining of Downtown Holladay. With easy access across Salt Lake County, top-rated schools, large parks, and community centers nearby, this location blends convenience with lifestyle. Plus, residents are only 20 minutes from Big Cottonwood Canyon for year-round mountain adventures.

  • Newly Constructed Units with Premium Finishes & Attached Garages: The townhomes feature modern three-story floor plans with high-end finishes, premium appliances, in-unit washers and dryers, and attached two-car garages. Each residence offers contemporary design and spacious layouts that cater to today’s renters seeking comfort and quality.

  • Value-Add Potential Through Rent Growth at Renewal: Current rents are intentionally positioned below market levels to accelerate lease-up. This leasing strategy provides a clear opportunity for substantial rent increases upon second-year renewals, allowing investors to capture strong income growth potential as the property stabilizes.

  • Flexible Investment Strategy with Multiple Exit Options: Investors can pursue several strategies: continue operating the property as a stabilized rental asset to capitalize on increased NOI or take advantage of market conditions and sell the townhomes individually, potentially benefiting from a favorable interest rate environment.

Listing Contacts

WM
UT 10373936-SA00
MMG Real Estate
AR
CO CO 100024441
MMG
Listed by MMG Real Estate, MMG

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Additional Information

Name
Will Moss
License
10373936-SA00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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