3910 S 1040 E, Millcreek, UT 84124
3910 S 1040 E, Millcreek, UT 84124
3910 S 1040 E, Millcreek, UT 84124
3910 S 1040 E, Millcreek, UT 84124
3910 S 1040 E, Millcreek, UT 84124
3910 S 1040 E, Millcreek, UT 84124
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Rychen Jones

Rychen Jones

+1(385) 421-0040
$ 2,100,000
Est. payment | /mo

16 Beds

8 Baths

7,376 SqFt

Save
$ 2,100,000
Est. payment | /mo
Save

16 Beds

8 Baths

7,376 SqFt

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,376 sqft

Price per Sqft $284

Subdivision Plat A

MLS Listing ID 2151403

Style Stories: 2

Bedrooms 16

Construction Status Blt./Standing

HOA Y/N No

Year Built 1968

Annual Tax Amount $12,803

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers. The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn. The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Do not disturb tenants. Contact listing agent for financials or to schedule a tour.

Location

State UT

County Salt Lake

Area Holladay; Millcreek

Interior

Fireplace No

Exterior

Carport Spaces 8

View Y/N No

Present Use Residential

Total Parking Spaces 12

Private Pool No

Building

Architectural Style Stories: 2

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools James E. Moss

Middle Schools Bonneville

High Schools Cottonwood

School District Granite

Others

Senior Community No

Tax ID 16-32-451-009

Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, INC

Nearby Locations

Rychen Jones

Providing Proactive Solutions. Proven Strategies. Lasting Relationhsips. And Tailored Financial Freedom.

+1(385) 421-0040

rychen@gdputah.com

831 E Pioneer Rd #105, Draper, Utah, 84020, USA

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3910 S 1040 E