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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!
| DAYS ON MARKET | 13 | LAST UPDATED | 11/20/2024 |
|---|---|---|---|
| YEAR BUILT | 1970 | COMMUNITY | Provo; Mamth; Springville |
| COUNTY | Utah | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Franklin |
|---|---|
| Jr. High School | Dixon |
| High School | Provo |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Oven, Range |
| AREA | Provo; Mamth; Springville |
| CONSTRUCTION | Brick |
| HEAT | Central, Natural Gas |
| LOT | 0.43 acre(s) |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| PARKING | Covered |
| SEWER | Public Sewer |
| STYLE | Up And Down |
| TAXES | 6801 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
MORTGAGE CALCULATOR
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Listed with KW WESTFIELD
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