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Exceptional investment opportunity! This property is fully approved for 6 singles and currently rented to 6 men, ensuring consistent revenue. Fully furnished, turnkey rental. It boasts three 1 car garages plus an additional carport, and lots of covered bike or motorcycle parking catering to tenants' parking needs. The outdoor living space is enhanced by a 240 sq ft covered patio, a delightful bonus not included in the reported square footage. Recent upgrades include a new cabinets, countertops and new dishwasher, adding to the property's value and appeal. Each private room is rented at $560/month, contributing to an approximate Net Operating Income (NOI) of $37,920. There's potential for increased revenue, with plans to raise rents to $600/month, making this an even more lucrative investment.
| DAYS ON MARKET | 95 | LAST UPDATED | 10/4/2024 |
|---|---|---|---|
| YEAR BUILT | 1923 | COMMUNITY | Provo; Mamth; Springville |
| GARAGE SPACES | 3.0 | COUNTY | Utah |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Franklin |
|---|---|
| Jr. High School | Farrer |
| High School | Timpview |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Dryer, Gas Range, Oven, Range, Range Hood, Refrigerator, Washer |
| AREA | Provo; Mamth; Springville |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Central, Forced Air, Natural Gas |
| LOT | 7405 sq ft |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| PARKING | Covered |
| STORIES | 2 |
| STYLE | Ranch/Rambler |
| TAXES | 2560 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listed with Alliance Real Estate, PLLC
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