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Description

Millcreek Cove Apartments is a modern boutique multifamily community located in the desirable Murray area of Utah. Built in 2020, this 30-unit property offers a blend of contemporary design, convenience, and durable construction. The community features a well-balanced mix of 18 two-bedroom, two-bath units and 12 three-bedroom, two-bath residences, all designed with open layouts, modern finishes, and practical living spaces suited for both professionals and families. Residents benefit from amenities such as secure subterranean parking and a full elevator for easy access throughout the building. With its newer construction reducing maintenance needs and improving operational efficiency, the property is ideally situated near major employment hubs, shopping, dining, and outdoor recreation, making it an attractive and stable investment opportunity in a highly sought-after rental market.

Listing Details

  • Cap Rate

    4.56%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Date Listed

    4/1/2026

  • Ownership Info

    Owner of Record

  • Broker/Agent Co-op

    Yes

  • Investment Type

    Stabilized

  • Net Operating Income

    $547,752

Property Specifics

  • Property Name

    Millcreek Cove Apartments

  • Property Class

    A

  • No of Buildings

    1

  • No of Stories

    3

  • No of Units

    30

  • Year Built

    2020

  • Building Size

    72,350 SF

  • Lot Size

    54,450 SF

  • APN

    16-31-378-018

  • Occupancy

    100%