With the continued, extraordinary growth of downtown Salt Lake City and Sugarhouse, the South Salt Lake City area is perfectly positioned in the path of economic progress. Stella Flats is a turnkey, fully-remodeled portfolio piece that offers the opportunity to enjoy the probable growth levels of cash-flow and appreciation, with minimal foreseeable capital expenditures. This high-end, eco-friendly renovation features ALL NEW: Roof with R20 insulation, low E vinyl windows throughout, 90% furnaces and central air, luxury vinyl tile flooring, stainless appliances including counter-depth fridge, quartz countertops, IN-UNIT full-size washers and dryers, lighting and plumbing fixtures, and exterior paint. Features: covered parking with secure storage and Comcast internet package. Property is currently being leased up through Rize Property Management. ALL of the 12 units are leased at pro forma rent levels as of 7/1/19, and were signed within 7 weeks of beginning of marketing. PLEASE SEE ATTACHED OFFERING MEMORANDUM FOR FURTHER DETAILS AND PRO FORMA.
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