White Pines
Renovated units | Recent capital improvements | Strong South Salt Lake location
Marketing description
Marcus & Millichap is pleased to present the South Salt Lake Portfolio, a combined multifamily offering in Salt Lake City, Utah, comprised of two well-located assets: White Pines and Blair Street. The portfolio features a mix of renovated and classic units, providing investors with a balanced profile of in-place stability and value-add potential. Recent capital improvements across both properties, including exterior upgrades, structural enhancements, and parking improvements, create a strong foundation for continued interior renovations and operational efficiencies.
The portfolio benefits from desirable locations with convenient access to I-15, Sugarhouse, and downtown Salt Lake City, supporting consistent rental demand from a broad tenant base. The ability to further increase rents through unit upgrades and management optimization, along with established on-site leasing infrastructure, positions White Pines and Blair Street as a compelling opportunity to capture upside within one of Utah’s most dynamic and supply-constrained rental markets.
Investment highlights
- Renovated Units Driving Rent Growth: Updated interiors position the property for continued rent increases and long-term revenue upside.
- Recent Capital Improvements Completed: Ownership has invested in exterior upgrades including deck replacements, asphalt sealing, and added storage units.
- Efficient On-Site Management Setup: Dedicated leasing office allows for streamlined operations and management across both properties.
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