MillCreek Cove Apartments – 30 Units

$12,000,000

Additional Information:

Jesus & Andre Henao of LEOLA Commercial Utah are proud to present the exclusive listing of Millcreek Cove Apartments, located at 3965 S 300 E in Murray, Utah. This well-positioned asset offers excellent access to 3900 South and Interstate 15 Fwy, placing it in one of the area’s most desirable rental corridors.

The property benefits from strong surrounding amenities, including close proximity to Western Governors University, Big Cottonwood Regional Park, Walmart Supercenter on Van Winkle, and St. Mark’s Hospital, making it highly attractive to a wide tenant base.

Constructed in 2020, Millcreek Cove is a modern, turnkey community featuring a highly desirable unit mix of 18 two-bedroom and 12 three-bedroom apartments. The property requires minimal ongoing maintenance and offers investors a stabilized, low-management asset.

Each unit is thoughtfully designed with stainless steel appliances, in-unit washers and dryers, private balconies, granite countertops, and a combination of wood laminate flooring and carpet. Residents also benefit from secure, monitored access and underground parking that spans the entire structure.

The seller is highly motivated, and the property is being offered at below replacement cost, presenting a compelling investment opportunity.

IOM Link: https://www.flipsnack.com/9F57B7EEFB5/millcreek-cove-2026-iom

 

Sale Indicators

  • CAP Rate: 5.18%
  • Price/SF: $387.22
  • 5 Year IRR: 13.05%

Agent: