SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market. NO BETTER DEAL than this: solid 6.55% cap (as is!) and near 7-cap pro forma simply by increasing rents (which are BELOW MARKET)! New 1-bed lease just signed at $1200/mo - already exceeding the conservative $1100 pro forma! **Upper 7-cap… Read More if self managed** 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. Read Less
Courtesy of Niki R Worthington, Prime Real Estate Experts 801-948-0796
Listing Snapshot
Days Online
1
Last Updated
Property Type
> 4 Units
Beds
7
Square Ft.
4,388
Lot Size
0.19 Acres
Year Built
1925
MLS Number
2179047
30 Days Snapshot Of 84606
$442k
-6%
(avg) sold price
23
-17%
homes sold
15
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Year Built: 1925, Architectural Style: Front And Rear, Building Area Total: 4388, Living Area: 4388, Living Area Units: Square Feet
Property
Current Use: Residential, Direction Faces: West, Parcel Number: 05-048-0007, Property Condition: Blt./Standing, Property Sub Type: > 4 Units, Property Type: Residential, Vegetation: Mature Trees
Interior Features
Interior Features: Kitchen: Updated
Lot
Lot Features: Curb & Gutter, Road: Paved, Lot Size Acres: 0.19, Lot Size Area: 0.19, Lot Size Dimensions: 0.0x0.0x0.0, Lot Size Square Feet: 8276, Lot Size Units: Acres, Topography: Curb & Gutter, Road: Paved, Terrain, Flat
Taxes
Tax Annual Amount: 3444
Water Features
Water Source: Culinary
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