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3612 E OAKRIM WAY, Millcreek, UT — photo 11 / 24

$850,000

3612 E OAKRIM WAY, Millcreek, UT 84109

Type

Townhouse

List Price

$850,000

Price/Sqft

$314

Est Gross Yield

3.7%

$31,140/yr est.

Property Details

Property typeTownhouse
Year built1976
Total units1
Living area2,711 sqft
Bedrooms3
Bathrooms3
Lot size0.08 acres
Parking2 spaces
Days on market21
Listed2026-09-03T00:00:00+00:00

Description

Nestled right at the base of the mountains next to coveted Olympus Cove, this fully renovated two-story townhome in Cove Point seamlessly combines modern updates with effortless, low-maintenance living. Spanning 2,711 finished square feet, the home features fresh new flooring running continuously throughout both levels and a stylish, fully remodeled kitchen. The main level hosts a convenient layout, headlined by a comfortable primary suite complete with its own private en-suite bathroom and a spacious walk-in closet, along with an additional bedroom and a second full bath. Downstairs, the finished lower level expands your living options with a third bedroom, a three-quarters bath, and a generous secondary family room-perfect for guests, a home office, or a media den. Living in Cove Point means enjoying the quiet charm of being tucked away in the scenic Wasatch foothills without any of the outdoor upkeep. Cove Point provides neighborhood access to a community pool and tennis courts, while the HOA takes care of those pesky chores like lawn care and snow removal, giving you true turn-key ease year-round. Best of all, the prime location offers quick access to I-215, putting the very best of the region right at your fingertips. The property falls within the attendance boundaries of top-performing local schools-including Skyline High School, Churchill Junior High, Oakridge Elementary, and Eastwood Elementary-consistently recognized among the highest-ranked schools in Utah. You are also only minutes from nights out in downtown Salt Lake City, just around the corner from Millcreek Canyon trails, and within a 35-minute drive of seven world-class ski resorts. It is the ultimate retreat for anyone seeking a stylish, hassle-free home with front-row access to everything the Salt Lake Valley and Wasatch Front have to offer.

Listed by Rich B Smith · Signature Group Real Estate

Location

3612 E OAKRIM WAY, Millcreek, UT 84109

Proforma

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Cap Rate

2.44%

Cash-on-Cash

-5.97%

Cash Flow

-$1,587/mo

Purchase Price$850,000
Down Payment35% ($297,500)
Interest Rate6.00%
Monthly Rent$2,595/mo
Vacancy5%
Expense Ratio30% ($8,875)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/24/2026, 7:06:44 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.