Highlights

• Market Rents are currently going up, this property is in the middle of comparable projects.
• Great Investor Opportunity
• Recent interior renovations

• Exterior still needs some help (see Marketing Package for complete explanation)

Description

SELLER MOTIVATED!!!! WILL GUARANTEE RENTS (with typical vacancy factor of 5%) for SIX MONTHS via an Escrow Holdback!!! (reflected in Occupancy Percent)

Current occupancy is impacted due to a market fluctuation as set forth in the Complete Package (attached to listing - download for GREAT information including last 2 years actuals, Pro-Forma '09, and lots more info!).


All units recently upgraded with some/all of the following: carpet, paint, tile, switches, light fixtures, etc. Newer roofs (3 buildings installed recently in November 2005, with the 4th building in 2003). This property is ideally located to increase in value from the soon-to-be constructed "Jordan Bluffs" and "Bingham Junction" master-planned developments adjacent to the property, and has been included in the RDA properties for potential future redevelopment with associated benefits. Listing agent is part-owner. Loan to be assumed (21 yrs remain, 6 years fixed at 5.44%, then adjustable thereafter, current outstanding balance approx. $1,087,000)

Located in Midvale close to I-15 at both 7200 S and 9000 S exits. Property is immediately adjacent to the master-planned "Jordan Bluffs" and "Bingham Junction" projects. Included in RDA.