Millcreek Terrace Condos recently has rented out a few of there penthouse condos for a one year lease. This is in a addition to Millcreek's "Lease/Purchase" program that was started over one year ago.
Millcreek has three different penthouse floor plans that are included in this lease program. The first unit is a Double Master floor plan that offers two master suites, divided with a "great room". This unit is approximately 1140 sq. ft. and currently rents for $1390 per month. The second penthouse model is a 1650 sq. ft. unit, it consists of two master bedrooms, a den and 2 and half baths. This unit starts at $1690 per month.
The largest penthouse for lease is 2,100 sq. ft. and consist of a very large master bedroom, a second guest bedroom and 3rd smaller bedroom that works well as a study, baby room or hide-a-way "Murphy" bedroom. This largest penthouse has 270 degrees views of the Salt Lake Valley, Wasatch mountains and the beautiful sunsets. This unit rents for $2390 per month.
All of these units are currently leased and reservations are now being taken.
Millcreek Terrace is a five story building, with parking on the main floor and the residential condos on the four floors above. Jay Rice, owner and developer said, "with the housing recession still in full swing we feel fortunate to have only two units left on the 2nd and 3rd floors that are available for sale and only 1/2 of our penthouses remain unsold, which are located on the fourth and fifth floors. We felt that due to the rental market being strong, we would rent out a few of our remaining penthouses until the housing market strengthens and we will re-access the the market at the time."
