4360 S 900 E, Salt Lake City, UT 84124

Price is for the Land. The 4350 S 900 E ( Parcel 22-05-176-004) project is situated in the heart of Millcreek next door to the Smiths grocery store and two blocks from Cottonwood Regional Park. A property adjacent to this site, which was designed for 28 units, was recently sold by Defy Co.Labs to another developer as the first “phase”. The site plan includes 32, 3-Bed townhomes with an average of 1,450 SF and an additional 1,500 SF of commercial frontage space. Total costs for the project (including land, hard costs, and soft costs) are estimated to be between $13.0M and $15.0M, with an investor IRR of over 25%