Onyx Apartments
Midvale, UT
EXPANDING SALT LAKE CITY FOOTPRINT
Onyx is a 48-unit apartment complex that was completed in 2021. The brand new community features spacious one- and two-bedroom layouts with in-unit laundry, stainless steel appliances, walk-in closets, and balconies. The property is situated in Midvale just off Interstate 15, providing easy access to Salt Lake City and surrounding areas. With population growth over 25%, household incomes 20% higher than the national median, and strong employment drivers with nearly 200,000 jobs within a five-mile radius of the property, the market conditions are favorable for investment. Additionally, housing prices have grown nearly 30% in Salt Lake County, further pushing demand for rental supply.
Brinkman Real Estate intends on applying enhanced property management, as well as focusing on upgrading the common areas and leasing office and adding wayfinding signage to drive traffic to the asset.
48
UNITS
3.12%
INTEREST RATE
#7
BEST SMALL CITIES FOR NEW BUSINESS