REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jake Litchfield

jakelconnects@gmail.com +1(385) 241-4424

$ 850,000

Est. payment | -/mo

7 Beds

6 Baths

3,278 SqFt

Save

$ 850,000

Est. payment | -/mo

Save

7 Beds

6 Baths

3,278 SqFt

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,278 sqft

Price per Sqft $259

MLS Listing ID 2160823

Style Front And Rear

Bedrooms 7

Construction Status Blt./Standing

HOA Y/N No

Year Built 1925

Annual Tax Amount $5,802

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market, with a solid 7%-cap potential (if self managed), simply by increasing rents (which are BELOW MARKET)! Recent rate increase validates the pro forma rent assumptions! UPDATED: roof (approximately 6 years ago), kitchens, bathrooms, flooring, fixtures, with recent exterior improvements to paint, siding, & window sealing! Tenants currently enjoy use of a secure, free laundry area in basement of neighboring 6-plex. Additional income opportunity also available through managing utilities differently (units metered separately!). LOCATION: near BYU, with quick access to I-15 & Provo downtown entertainment, restaurants, & shopping. Purchase the neighboring 6-plex (same seller) for operational efficiencies! 5 1-bed units; 1 2-bed unit. Square footage per county records. Buyer/agent to verify all. Do not disturb tenants; offer subject to inspection.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Interior

Interior Features Kitchen: Updated, Range/Oven: Free Stdng.

Fireplace false

Exterior

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Terrain, Flat

Private Pool false

Building

Faces West

Water Culinary

Architectural Style Front And Rear

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Provo Peaks

Middle Schools Centennial

High Schools Timpview

School District Provo

Others

Senior Community No

Tax ID 05-048-0010

Acceptable Financing Cash, Commercial Fin. Req., Conventional

Horse Property No

Listing Terms Cash, Commercial Fin. Req., Conventional

Listed by Prime Real Estate Experts (Founders)

AFFORDABILITY CALCULATOR

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.

You can afford a home up to: $0

Your debt-to-income ratio is 36%
Quite affordable.

View Affordable Properties

Payment Breakdown：

$0 Month

Get more info from a local expert!

NEARBY SCHOOL & BUSINESS

${companyName}

Phone

+1(385) 241-4424

jakelconnects@gmail.com

Address

-, Lehi, Utah, 84043, USA

457 S 500 E Provo, UT 84606