Off Market

4080 S 300 E, Murray, UT 84107

$3,195,000

48 bed · 32 bath · 24,108 sqft

Rare opportunity to purchase a well-maintained, very attractive, east side apartment building. Located in a highly desirable location on a mature tree-lined street. Wembley Park has a lower density per acre, which creates a park-like atmosphere. The building has an abundance of parking with 59 total parking spaces, of which 28 are covered. The building is usually 100% occupied. Rents are low for the area according to the property manager and could be raised $1.077 a month or $12,924 a year. The apartments have separate gas and electric meters. Some of the units have laundry hook-ups and others use the on-site coin-operated laundry facilities. The apartments have outside storage closets. There are two community barbeque grills, two picnic tables, and a playground area for children. All information herein is deemed reliable but not guaranteed. Buyer is responsible to verify all listing information including square footage and acreage. The current loan on the property will need to be assumed by the buyer. The loan is about $1,600,000 and has a competitive interest rate and loan terms. Make offer subject to inspection. (DO NOT DISTURB TENANTS, THEY ARE UNAWARE OF THE SALE) There is a mixture of single family and multifamily in the neighborhood. Nearby shopping includes Smith's, Walmart Super Center and Fashion Place Mall. Nearby schools, Olympus High School, Westminster College and University of Utah. Near St. Mark's Hospital and Intermountain Medical Center. Near Big Cottonwood Park and Murray Park.Near UTA bus and TRAX transportation.

Photos (9)

Listing courtesy of Frank Stewart, The Tollstrup Group.

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