Price $3,950,000
Status Active
Beds 32
Baths 29 Baths
Home size 44,532 sqft
Lot Size 2.63 ac
Days on Market 437
This Multi-Family Opportunity Is an Incredibly Rare Find For East Murray! Located Just 0.1 Mile From TOSH Orthopedic Hospital, 0.7 Miles From IMC Hospital, And 1 Mile From Fashion Place Mall, Your Tenants Have It All! Sitting On 2.62 Acres, In A Park-Like Setting, This 44.532 Square Foot, 3 Story Building Offers: 29 Apartment Units (23,335 SF), Occupying Most Of The 2nd, And All Of The 3rd Floor. These Apartments Are Currently Rented At 100% Occupancy, And All Tenants Are On A Month To Month Lease Basis. The Main Floor And Remainder Of The 2nd (19,200 SF) Are Home To Offices, Conference Rooms, Flex Space And Abundant Storage. The Professional Space Was Most Recently Occupied By Seller, As The Corporate Office Over Several "Utah Based" Skilled Nursing Facilities. It Is The Perfect Opportunity For Any Owner Occupied Business! The Current Parking Ratio Is 2.5 Stalls Per Dwelling Unit, With Ample Land Available To Expand Amenities. Historically, This Building Was Known as the Cottonwood Maternity Hospital Although Its Current Use Is Multi-Family; It's Design And Location Offers Excellent Opportunity For Use As Senior or Disabled Living Centers. Please See Attachments For Pro Forma Valuation. * Seller Is Willing To Explore Seller Financing Options With 25% Down. Parcel Is Zoned R-M-15, Tax ID #22-18-177-014: MLS#1549354.
Property Type(s): Multi Family
Last Updated 8/22/2019 Year Built 1969
Community Murray; Taylorsvl; Midvale County Salt Lake


School District Murray
Elementary School McMillan
Jr. High School Hillcrest
High School Murray

Price History

Prior to Dec 4, '18 $8,575,000
Dec 4, '18 - Jan 7, '19 $6,270,000
Jan 7, '19 - Jun 6, '19 $5,037,000
Jun 6, '19 - Today $3,950,000

Additional Details

AREA Murray; Taylorsvl; Midvale
CONSTRUCTION Frame, Glass, Metal, Stucco
EXTERIOR Entry (Foyer), Outdoor Lighting, See Remarks
HEAT Electric
INTERIOR Alarm: Fire
LOT 2.63 acre(s)
LOT DESCRIPTION Additional Land Available, Curb & Gutter, Fenced: Part, See Remarks, Sidewalks, Sprinkler: Auto-Full, Terrain: Flat, View: Mountain
STYLE High Rise
TAXES 14525
ZONING Multi-Family



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Listed with Pristine Property of the West
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