Sugar House, Utah
Nestled just a few miles south of Downtown Salt Lake City, Sugar House is one of the capital's oldest neighborhoods. Once home to a sugar beet processing plant, Sugar House has enjoyed a long history at the center of the community. Today, this cherished neighborhood remains a popular place to call home, thanks to its convenient location, beautiful streets, and abundance of new development.
Sugar House Park serves as a focal point for this quaint neighborhood. Stretching over 110 acres, the park features multiple playgrounds, picnic pavilions, and hiking trails. The parked is bordered by numerous shopping destinations, including the Sugar House Center on its east side. Highland High School also sits directly next to the park.
Living in Sugar House in Salt Lake City
The combined history, amenities, and charm of Sugar House have made this neighborhood a highly coveted destination for Salt Like City residents. The area has also undergone an evolution of sorts over the past few years, with new commerce and housing developments springing up in the area. Notable examples include the demolition of portions of the old business district and the emergence of high rise condominiums. Further contributing to Sugar House's appeal, the neighborhood is home to an eclectic assortment of independent boutiques, galleries, and local vendors.
Because of the high interest in Sugar House, local rental prices are significantly higher than in other areas of the capital. With the new construction and development have come concerns surrounding the rapidly evolving identity of this historic area. Community officials are working diligently to protect the heart of the neighborhood, while simultaneously embracing the excitement around the new development.
Choosing to Invest in Sugar House
Investors thinking of purchasing real estate in Sugar House may consider condominiums, apartments, townhouses, and traditional single-family properties. Again, due to the housing demand, prices have slowly risen in the new millennium, and appreciating property values will likely continue following the same trend as even more development takes place in this neighborhood of Salt Lake.
Working with a property management firm like BMG Rentals offers investors unbeatable peace of mind. We understand the challenges of owning rental properties in Sugar House, and we're constantly monitoring the local market to identify patterns shaping the industry.
Our local neighborhood expertise perfectly compliments our Sugar House property management prowess. At BMG Rentals, our team works diligently to provide the best results for clients. Our satisfaction guarantee and 96% client retention rate speaks for itself.