Graystone Capital Advisors is pleased to present 240 N Rendon Court, an income-producing investment and development opportunity in a prime Salt Lake City location that is close to everything.

The offering comprises 0.88 acres across three parcels, featuring an income-generating property with five existing rental units and 0.47 acres of contiguous, undeveloped land. This strategic assemblage provides immediate cash flow combined with substantial upside through future ground-up construction and value-add to existing units. The 0.41 acres (1 lot) of existing homes and the 0.47 acres (2 lots) of development land can be purchased together or separately, providing maximum flexibility.

The 0.41 acres of income-producing component consists of five residential units, including three single-family homes and a duplex, currently generating $4,650 in monthly revenue. All units are leased month-to-month with rents significantly below market rates and are well-positioned to capture market rents following updates and unit improvements.

The offering also includes 0.47 acres of development-ready land, zoned SR-3 (Attached Dwelling) and well-suited for a new townhome project with dual road access. This combination of in-place income with value-add upside and byright development land allows investors to mitigate risk while capitalizing on the robust growth of Salt Lake City's for-sale market