4345 S Highland Dr, Holladay, UT 84124
- $2,400,000
- 14
- BD
- 8
- BA
- 7,072
- SqFt
- List Price
- $2,400,000
- Status
- ACTIVE
- Days on Market
- 105
- Price Change
- ▲ $300,000 1780620584
- MLS#
- 2151411
- Style
- Stories: 2
- Year Built
- 1960
- Bedrooms
- 14
- Bathrooms
- 8
- Living Area
- 7,072
- Lot Size
- 15,681
- Acres
- 0.36
- Subdivision
- Highland
- MLS Area Major
- Holladay; Millcreek
Property Description
Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Holliday, one of the region's most resilient rental submarkets. 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. Do not disturb tenants. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Contact listing agent for financials or to schedule a tour.
Additional Information
- Taxes
- $9,942
- Property Description
- Stories: 2
- Zoning
- Multi-Family
- School District
- Granite
- Elementary School
- Upland Terrace
- Middle School
- Wasatch
- High School
- Olympus
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Listing courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, INC.