441 S 500 E, Provo, UT 84606

$949,000
7
BD
6
BA
4,388
SqFt
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List Price
$949,000
Status
ACTIVE
MLS#
2160818
Days on Market
60
Price Change
▼ $50,000 1781829278
Year Built
1925
Bedrooms
7
Bathrooms
6
Square Feet
4,388
Parcel Number
05-048-0007
Acres
0.19
Terms
Cash, Commercial Fin. Req., Conventional
County
Utah
Region
Provo; Mamth; Springville
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801-232-3434

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! Check out the pictures: NOT your "average" 6-plex. Tenants enjoy use of a secure, free laundry area in basement. 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.

801-232-3434
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Additional Information

Taxes
$3,444
Interior Features
Kitchen: Updated
Roof
Asphalt
School District
Provo
Elementary School
Provo Peaks
Middle School
Centennial
High School
Timpview
Style
Front And Rear
Living Area
4,388
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