Blair Street Apartments
Recent capital improvements | Value-add upside | Central 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
- Extensive Property Upgrades Completed: Recent improvements include a new roof, exterior paint, and covered parking structures.
- Value-Add Rental Upside: Opportunity to increase rents through continued interior renovations and operational enhancements.
- Highly Accessible, Quiet Location: Situated in a low-density setting with immediate access to I-15, Sugarhouse, and downtown amenities.
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