Off Market

735 E Canyon Rd S, Spanish Fork, UT 84660

$624,000

8 bed · 4 bath · 3,618 sqft

Updated fourplex with great cash flow, low vacancy and easy to maintain. The exterior had all new windows installed (top units installed October 2019). A full exterior repaint was done in October 2019 including the stairs and stair railings. New exterior lighting was added throughout the property as well. Three of the four units have been updated with Unit #1 having a complete remodel and Luxury Vinyl flooring throughout the entire place (new carpet in the bedrooms). Unit #2 had brand new carpet installed February 2020. All of the updated units have long term tenants. The month-to-month tenant has been in the property for a long time and is the reason that unit hasn't been remodeled like the others. With all of the exterior updates happening after tenants were in place, rents should be higher for 2020. Gross rents are $3,745/month $44,940/year. Seller will give buyer a $10k credit towards new roof or any other updates. CAP Rate about 6.4%. Need minimum of 24 hour notice as all units are occupied by tenants. Do not disturb tenants. Square footage figures are provided as a courtesy estimate only and were obtained from Utah County Records. Buyer is advised to obtain an independent measurement. Seller is Real Estate Broker.

Photos (20)

Listing courtesy of Mark Amann, Vision Real Estate (Provo).

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