Utah's Premier | OnX Realty

457 S 500 E

Provo, UT 84606

Front And Rear

Provo, UT 84606

457 S 500 E

$900,000

MLS#: 2160823

Status: Active

Listing provided by: Prime Real Estate Experts (Founders)

Listing agent phone: None

Last update: 12 days ago

On site: 13 days ago

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About

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.

Property

Beds

7

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

3,278

Features

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.17

  • Lot Size(square feet)

    7405.2

  • Property Type

    Residential

  • Property Sub Type

    Multi Family

  • Architectural Style

    Front And Rear

Price

  • Sales Price

    $900,000

  • Tax Amount

    $5,802

  • Sq. Footage

    3, 278

  • Price/SqFt

    $274

HOA

  • Association

    No

School District

  • Elementary School

    Provo

  • Middle School

    Centennial

  • High School

    Timpview

Property Features

  • New Construction

    NO

  • Senior Community YN

    NO

Schedule

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Location

  • County

    Utah

  • Elementary School

    Provo

  • Middle School

    Centennial

  • High School

    Timpview

Listing Courtesy of Darrin Webster , Prime Real Estate Experts (Founders)

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Rusty Dog

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Call Rusty today to schedule a private showing.

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457 S 500 E

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