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  • Sold
Monarch Homes - #1

For Sale

$7,415,000 USD

Monarch Homes, developed by the acclaimed Lotus Company, has quickly established itself as one of Utah’s best possible townhome investments. These factors and more make Monarch Homes a “can’t miss” opportunity:

  • Located in desirable Millcreek, UT, just minutes from Downtown Salt Lake City

  • New 2020 Class-A Construction

  • 100% Occupancy

  • Full lease-up in just 2 months during the most uncertain period of the pandemic

  • Salt Lake City is #2 best city to buy multifamily in 2021 (PwC/ULI Emerging Trends in Real Estate 2021)

Monarch is comprised of 18 large and luxurious townhomes and 1 purpose-built leasable Office/Retail space (1,046 SF). This centrally located project was completed in 2020 and consists of 3-story townhomes boasting modern open living areas, two-car garages, large driveways, private backyard space, and ample storage. With an average square footage of 1,460 SF, the 2-bedroom 2-bath unit layouts and size are made to accommodate a wide range of quality tenants in the booming core of one of the most prominent in-migration destinations in the nation.

  • 02/01/2021
  • SOLD