University Condominiums in High Demand Condos near the University of Utah (U of U) that accommodate student living as well as an investment opportunities are difficult to find. Living near the U of U campus is highly desirable even by non-students. The campus area overlooks picturesque Salt Lake City. Nearby downtown shopping, theaters, sports arenas, Temple Square and other attractions abound. The extensive Trax and city bus system provides accessibility to nearly everything, including the famous Utah Olympic ski resorts. Because of the "high desirability" of condos and townhouses near the University of Utah, a professional Realtor® that specializes in student condos is advisable.
University Condo Search Townhouses or condos allow an owner the advantage of owning a single unit within a complex that offers many amenities that students and non-students desire and often demand.  Not long ago an investor or family had to buy an entire apartment complex to accomplish their objectives. Today a family can buy a single condo to invest in their students education as well as invest in their future income. Many of the condos in the area cater to University of Utah students with high speed Internet access, study areas, "in-house" laundry facilities, swimming pool and a short walk to the U of U campus or library.  You can search for condos that meet your specified criteria.
Condo - Townhouse Investing Families of multiple students heading to "The U" for four or more years of education may be wise to invest in a condo or townhouse near the university campus. Several years of student housing fees can be expended with no opportunity to recover the cost of student housing. Through purchasing a townhouse or condo adjacent to the University of Utah campus, an owner or investor may recoupe their expenses and likely profit upon sale of the condo or townhouse. Rent paying roommates can help reduce initial expenses. After your student graduates the condo or townhouse can be sold as a long-term growth investment, thereby capturing federal tax breaks.
Campus Housing Families who choose not to invest may wish to consider the University of Utah's apartment units. The university owns 1094 apartment units. These units are mostly found in the following complexes: South Court (1-2 bedroom units), North/East Court (1-3 bedroom units), Medical Plaza (1-3 bedroom units and townhouses), and Fort Douglas (homes and townhouses). Rent varies from a low of $499 monthly for a one bedroom apartment to $1,763 monthly for a home. Furnished apartments are available for an additional $125 monthly. Basic telephone and Internet service is an additional $36.00 monthly. Security deposits range from $150 to $400. The policies, eligibility, rental rates, resident handbook and application for the University of Utah apartments can be explored by clicking on the link.

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Barry J. Preusz, REALTOR®, Downtown Salt Lake City Condo Specialist, Equity Real Estate, 7090 Union Park Center, Midvale Utah, 84047


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