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Sheri Albrecht-Booth

sheriboothteam@gmail.com +1(801) 361-3737

$ 949,000

Est. payment | -/mo

7 Beds

6 Baths

4,388 SqFt

Save

$ 949,000

Est. payment | -/mo

Save

7 Beds

6 Baths

4,388 SqFt

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,388 sqft

Price per Sqft $216

MLS Listing ID 2160818

Style Front And Rear

Bedrooms 7

Construction Status Blt./Standing

HOA Y/N No

Year Built 1925

Annual Tax Amount $3,444

Lot Size 8,276 Sqft

Acres 0.19

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! 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.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Interior

Interior Features Kitchen: Updated

Fireplace No

Exterior

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Curb & Gutter, Road: Paved, Terrain, Flat

Private Pool No

Building

Lot Description Curb & Gutter, Road: Paved

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 05-048-0007

Acceptable Financing Cash, Commercial Fin. Req., Conventional

Listing Terms Cash, Commercial Fin. Req., Conventional

Listed by Prime Real Estate Experts (Founders)

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(801) 361-3737

sheriboothteam@gmail.com

Learn More About LPT Realty

441 S 500 E Provo, UT 84606