2000 W 7800 S
West Jordan, UT 84088
Jordanaire Apartments · Multifamily Property For Sale · 53 Units

Excellent Location: Jordanaire is located in the heart of West Jordan City, across the street from Veterans Memorial Park, consisting of 100 acres including pavilions, walking and biking trails, the West Jordan Rodeo Arena, tennis courts, baseball fields, badminton and volleyball courts, basketball hoops, several children’s playgrounds, the West Jordan Historical Museum, the world-class Gene Fullmer Fitness and Recreation Center, the West Jordan Outdoor Pool, the Sugar Factory Playhouse, a military service monument, and a peace garden with water fountains. The area also features the West Jordan Library and West Jordan City Offices. Access to Jobs and Transportation: Jordanaire is two miles west of I-15 and less than three miles south of I-215, providing tenants easy access to anywhere in the Salt Lake Valley including Sil- icon Slopes and Downtown Salt Lake.The property is also less than a block from Redwood Road, a major thoroughfare extending north and south along the Wasatch Front. The UTA TRAX Red line West Jordan City Center Station, located less half a mile south east, is also walkable from the prop- erty. Upside Potential: Jordanaire’s rents are below market, and the property has been running at or close to 100% occupancy with a queue of people waiting for the next available unit. 16 units have been outfitted with washer/dryer hookups, and 37 remaining units can also be upgraded. Washer/ dryer appliances can be added for additional revenue. There is also potential to install carports, another good source of non-rental income. The property does not have a media package, another potential income stream. Property Condition: Despite the property’s age, Jordanaire is unusually well maintained. Man- agement diligently follows a schedule to handle routine maintenance procedures. Consequently, the property has already attracted a high quality tenant profile. Jordanire also features attractive, well-manicured landscaping. Parking Ratio: Jordanaire enjoys a parking ratio of approximately two stalls per unit, well above the average new property being constructed today. Amenities: For its size and age, Jordanaire has one of the best amenities packages in the submarket, including a spacious interior courtyard, large children’s playground, and a covered barbecue area for tenants to gather.