Overview
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.
All units are leased month-to-month with rents significantly below market rates, presenting substantial upside potential through strategic improvements and rent optimization
Investment Highlights
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.
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