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Springville, Utah | 5-Plex Investment Opportunity Brand new 5-unit townhome building hitting the market-designed for the investor who wants both stability and appreciation upside. Each unit offers 4 bedrooms, 2.5 bathrooms, modern finishes, private balconies, 2-car garages, and functional layouts built for long-term tenant demand. Income Snapshot (Pro Forma): Monthly Rent per Unit: $2,318 Gross Scheduled Income: $139,080/year Net Operating Income (NOI): $97,438/year Cap Rate: 4.23% (based on bulk price of $2,325,000) Operating Assumptions: Property Taxes: $15,640/year (Utah County, non-owner occupied) Insurance: $3,750/year ($750 per unit) Management: 8% ($11,126/year) Maintenance (new build): 3% ($4,172/year) Vacancy: 5% ($6,954/year) Investor Highlights: Bulk Discount Pricing: $465,000 per unit (below retail comps; one unit already appraised at $480,000). Turnkey New Construction: Minimal maintenance in early years, maximizing NOI. Tenant-Friendly Design: Large bedrooms, full laundry rooms, walk-in pantries-features that command premium rents and tenant retention. Prime Location: 3 minutes to I-15, 1 minute to schools and parks, 5 minutes to Walmart/Smith's Marketplace, and minutes from Provo/Orem employment hubs. 1031 Exchange Ready: Strong cash flow with long-term appreciation in one of Utah's fastest-growing corridors. This is not a "what if" deal-this is new construction with completed phase comps already proving value. Whether you're looking to roll gains via a 1031 or lock in a long-term hold in Utah County, this 5-plex checks the boxes for stability, growth, and tenant demand. Subdivision maps, floorplans, and appraisal docs available upon request. Square footage figures are provided as a courtesy estimate only and were obtained from construction plans. Buyer is advised to obtain an independent measurement.
| DAYS ON MARKET | 8 | LAST UPDATED | 9/3/2025 |
|---|---|---|---|
| TRACT | WEST FIELD CENTRAL | YEAR BUILT | 2025 |
| COMMUNITY | Provo; Mamth; Springville | GARAGE SPACES | 10.0 |
| COUNTY | Utah | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Meadow Brook |
|---|---|
| High School | Springville |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Disposal, Oven, Range |
| AREA | Provo; Mamth; Springville |
| CONSTRUCTION | Stone, Stucco |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| HEAT | Central, Natural Gas |
| HOA DUES | 700|Monthly |
| INTERIOR | Walk-In Closet(s) |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 150.0x50.0x150.0 |
| STYLE | Five-Plex |
| SUBDIVISION | WEST FIELD CENTRAL |
| TAXES | 10000 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| ZONING | R1-10 |
MORTGAGE CALCULATOR
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