Colliers International is pleased to present this exclusive offering to acquire the rare Salt Lake City property of Avenue View Apartments, comprised of 27 fully renovated units. Located in the highly coveted neighborhood of The Avenues, Avenue View is close to a dazzling array of amenities at which to visit, shop, and dine. With less than a 6-minute drive to Downtown Salt Lake, the University of Utah, & Westminster College, and less than a 10-minute drive to the Salt Lake City International Airport or Interstate 15, Avenue View provides easy access to the entire Salt Lake Valley.
Originally constructed in the 1970s, Avenue View has been fully renovated in 2020 and is currently 100% occupied. There is value-add opportunity in that the rents have remained below market while still leasing up strongly during the pandemic. These factors, along with Avenue View’s prime location and renovation, make it an incredible opportunity to invest in the desirable Salt Lake City market.
