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Sheri Albrecht-Booth

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

$ 789,900

Est. payment | -/mo

8 Beds

4 Baths

2,832 SqFt

Save

$ 789,900

Est. payment | -/mo

Save

8 Beds

4 Baths

2,832 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,832 sqft

Price per Sqft $278

Subdivision Rivergrove

MLS Listing ID 2183468

Style Side By Side

Bedrooms 8

Construction Status Blt./Standing

HOA Y/N No

Year Built 1979

Annual Tax Amount $3,191

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Duplex

Property Description

An exceptional investment opportunity just minutes from BYU, this well-located duplex is currently priced at a 5.8% cap rate, offering an attractive combination of current income and flexibility in one of Provo's consistently in-demand rental corridors. Two spacious 4-bedroom, 2-bath units provide 8 bedrooms and 4 baths total, giving investors multiple options for generating income. Rent each unit as a whole to families or groups, or maximize rental income by leasing room by room. Both units are currently occupied with leases in place, providing income from day one. Separate gas, power, and water heaters help simplify utilities, with tenants responsible for their own gas and electric. Each unit also features its own laundry, fireplace, deck, and full kitchen with appliances included. Five uncovered parking spaces provide convenient on-site parking. With strong rental demand, existing tenants, and a current 5.8% cap rate, this is an opportunity worth a closer look for investors seeking an established income-producing property near BYU.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Zoning Multi-Family

Interior

Interior Features Range/Oven: Free Stdng., Dishwasher: Built-In

Heating Forced Air

Flooring Carpet, Laminate

Inclusions Microwave, Range, Refrigerator

Fireplace No

Window Features Blinds

Exterior

Exterior Feature Porch: Open, Sliding Glass Doors

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Present Use Residential

Topography Curb & Gutter, Road: Paved, Sidewalks, Terrain, Flat, View: Mountain

Porch Porch: Open

Total Parking Spaces 5

Private Pool No

Building

Lot Description Curb & Gutter, Road: Paved, Sidewalks, View: Mountain

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Side By Side

Structure Type Asbestos,Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Edgemont

Middle Schools Dixon

High Schools Provo

School District Provo

Others

Senior Community No

Tax ID 51-070-0016

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Listed by Atlas Real Estate, LLC

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

1129 W 650 N Provo, UT 84601