Below-Market Rental Portfolio with Value-Add Upside: Salt Lake City
Graystone Capital Advisors is pleased to present 221 N 600 W, a cash-flowing, value-add investment opportunity in a prime Salt Lake City location.
This offering comprises 0.41 acres on a single parcel featuring five residential rental units—three single-family homes and one duplex, currently generating $4,650 in monthly revenue (well below market). All units are leased month-to-month with rents significantly below market rates, presenting substantial upside potential through strategic
improvements and rent optimization.
Proforma financial estimates considering post renovation rental. Several scenarios exist, perhaps the most lucrative being individual sale of assets after implementing a subdivision plat with the city.
Rent/Renovation Upside:
The five existing units are leased month-to-month at rates below market, presenting upside opportunity through strategic renovations and rent optimization. With capital improvements, the property can command market-rate rents while attracting higher-quality tenants. The flexible lease structure allows for immediate implementation of a phased value-add strategy, enabling investors to systematically increase cash flow with minimal vacancy risk.
*Home Sale Comps Available in deal room.