Capstone is pleased to present Towers on Main, an exceptional opportunity to acquire a modern and well-maintained property located in the vibrant and trendy Ballpark neighborhood, just south of downtown Salt Lake City. With many cultural and recreational amenities, as well as diverse local shops, restaurants, and bars nearby, the Ballpark neighborhood is a highly sought-after location, with significant investment and commercial real estate developments driving growth and economic activity. Towers on Main is located on Main St in a prime location just minutes south of the heart of the Salt Lake City and offers breathtaking views of the Wasatch Mountains and the city skyline. The property boasts high-end amenities, including a heated swimming pool with sundeck, renovated clubhouse, fitness center with upgraded equipment, and an outdoor courtyard with grilling and picnic areas. Residents can enjoy the convenience of on-site laundry facilities, plenty of on-site parking options, and covered carport parking availability. Towers on Main is also pet-friendly, with an expanded outdoor pet area and a beautiful open courtyard with picnic and grilling areas.
The spacious one and two-bedroom units have had partial renovations with vintage designs and modern amenities such as fully equipped kitchens, full-size bathrooms, and air conditioning/heating with high-speed internet access. The property's location and unit mix are clear advantages, making it an excellent investment opportunity with solid cash flow and growth potential. Towers on Main has recently undergone significant capital expenditures, including improvements to the HVAC system, elevators, roofing, and interior renovations, making incoming ownership's heavy lifting minimal. A handful of the units have undergone complete renovations providing insight into the great value-added opportunity for the remaining units. The property is professionally managed, with an experienced team of on-site management and maintenance staff. With its prime location, breathtaking views, and modern amenities, Towers on Main is poised for long-term success and profitability.