Property Facts Property Features Schools 280 days on UtahRealEstate.com

Property Facts

Days on URE 280
Status UNDER CONTRACT
MLS# 2051311
Type > 4 Units
Style Up And Down
Year Built 1970

Fully Leased Turnkey Opportunity! The property is 100% occupied, providing immediate cash flow in a prime Provo location. This investment includes two buildings (339 & 347) with 11 total units generating $12,320/month gross rent (339: Unit 1 - $1,100, Unit 2 - $1,090, Unit 3 - $1,095, Unit 4 - $1,235, Unit 5 - $1,085, Unit 6 - $1,000; 347: Unit 1 - $1,100, Unit 2 - $1,250, Unit 3 - $1,095, Unit 4 - $1,200, Unit 5 - $1,070). Two units are fully renovated, with all others in good condition. Tenants pay their own utilities through the property manager, and on-site laundry provides a great amenity to the tenants with revenue going to the vendor. If interested, Seller financing is available for up to 1 year with 20% down, 6% interest-only payments ($7,180), 0.5% origination fees at 6 and 9 months, and a 12-month balloon. Sale is lender-approved and not part of a 1031 exchange. Seller is motivated due to an unrelated financial obligation to the aforementioned lender. Showings: Interior tours are not available due to full occupancy unless under contract. Exterior tours are welcome at your convenience (please do not disturb tenants--no interior walkthroughs until after under contract), and a video walkthrough from June is available here (https://youtu.be/MDr0znhmsLg). This is a rare, fully leased investment property offering strong turnkey income in a desirable Provo location.

Property Features

Interior Features

Exterior Features

Other Features

Included in Transaction

Totals

Unit Configuration 1

Total Number Values Air Conditioning
Number of Units: 11 Deck: 0 Patio: 0 Gas: 0 Elec: 11
Furnished: 0 Unfurnished: 0 Gas Meters: 0 Elec (win): 0 Evap: 0
Elec Meters: 0 Disposals: 0 Dishwashers: 0 Evap (win): 0 Pump: 0
Oven-Ranges: 11 Refrigerators: 11 Solar: 0  

Per Unit Values

Lvl Approx
Sq Ft
Bed
Rms
Bath Fam Den Formal
Living
Rm
Kitchen
Dining
Laundry Fireplace
F ¾ ½ K B F S
3+ 0 0 0 0 0 0 0 0 0 0 0 0 0 0
2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
1 555 1 1 0 0 1 0 0 1 0 0 0 0 0
B 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Tot 555 1 1 0 0 1 0 0 1 0 0 0 0 0
Current Rent: $1,100.00 Monthly Covered Parking: 8 Uncovered Parking: 0 Storage Units: 0

Mortgage Calculator

Schools

Designated Schools

Elementary School Franklin
Middle School Dixon
High School Provo
School District Provo

Nearby Schools

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

Clay  Winder
Clay Winder
801-358-0970

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Listing Broker

KW WESTFIELD  Company Logo
KW WESTFIELD
998 N 1200 W
Orem, UT 84057
801-850-5600
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