GIDDYDIGS

Active

457 S 500 E, Provo, UT 84606

$850,000

7 bed · 6 bath · 3,278 sqft

457 S 500 E, Provo, UT 84606

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.

Year built1925
Lot size0.17 acres
Stories0
Type> 4 Units
Annual taxes$5,802
CountyUtah County
MLS #2160823
Days on market58

Photos (21)

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

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Buy with GIDDY DIGS for a 2% buyer commission — requested from the seller with your offer.