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Provo,UT 84601
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,105 sqft
Price per Sqft $375
MLS Listing ID 2051311
Style Up And Down
Bedrooms 11
Year Built 1970
Annual Tax Amount $6,801
Lot Size 0.430 Acres
Property Description
This rare and lucrative investment opportunity features two buildings: one with 5 units and another with 6 units, all 1-bedroom, 1-bath apartments. Easy to keep occupied with incredible rental stability, current rents range from $1,000 to $1,250-highly competitive for the growing Provo market. Several units have undergone extensive remodeling, ensuring modern living spaces that attract and retain quality tenants. Key upgrades include a new roof on one building, new windows, irrigation sprinklers, updated flooring, and new water heaters throughout. On-site laundry is conveniently operated via a code system and is tenant-paid, adding additional revenue potential. Some units are separately metered for gas and electricity, while others share utilities. The property also boasts 8 covered parking stalls and ample additional parking-an uncommon amenity in Provo that sets this property apart from others. With its prime location in the heart of downtown Provo, this property offers easy access to shopping, dining, transportation, and employment hubs. Don't miss this rare chance to own a well-maintained, high-performing multi-family property in one of Utah's fastest-growing cities!
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Multi-Family
Interior
Heating Gas: Central
Flooring Carpet,Laminate
Inclusions Freezer, Range, Washer
Exterior
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Waterfront No
View Y/N No
Roof Type Asphalt
Building
Lot Description Fenced: Part,Road: Paved,Sidewalks
Sewer Sewer: Connected,Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Schools
Elementary Schools Franklin
Middle Schools Dixon
High Schools Provo
School District Provo
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional