BEDS7
BATHS
SQUARE FEET3,278
MLS#2160823
STATUSActive
PROPERTY TYPEResidential -
SCHOOLProvo
Property Description
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 Features
Property Type: Residential -
Home Style: Front And Rear
Lot Size: 0.17 Acres
Roof Type: Asphalt
Taxes: $5,802
Year Built: 1925
Amenities
Kitchen: Updated
Range/Oven: Free Stdng.
Feature Descriptions
Days on Site: 2
Lot Dimensions: 0.0x0.0x0.0
Parcel#: 05-048-0010
Parking: Parking: Uncovered
Parking Notes: Parking: Uncovered
Topography: Terrain, Flat
Units: 6
Water: Culinary
Local Schools
High School: Timpview
Middle School: Centennial
Elementary School: Provo Peaks
School District: Provo
Listed By / Shown By
Listed By
Agency Name: Prime Real Estate Experts (Founders)
Agency Phone: 385-332-4548
Shown By
Agency Title: Wardley Real Estate
Agency Phone: 702-256-4900
Estimate Your Payment
Estimated Payment
$ 4,183.39 per month $3,437.39 Principal & Interest $483.50 Property Tax $262.50 Homeowner's Insurance
457 S 500 E | MLS# 2160823
This home located at 457 S 500 E, Provo, UT 84606 is currently listed for sale with an asking price of $900,000. This property was built in 1925 and has 7 bedrooms with 3278 sq. ft. S 500 E is located within the Provo school district. Search Provo real estate on www.wardleyre.com today.