Description
PRICE REDUCED!!! This is like buying a 4-plex for 1.1 million and a duplex for $550K. This is a STEAL! For this age, sq footage, and condition, you cannot find a better rental building in Utah County. Built in 1994. HUGE units - And always rented. All 6 units were completely remodeled in 2018. All units have central air. The door on the left (1A and 1B) comprises 2 units (up/down apartments that are 2 bed/1 bath and almost 1100 sq ft each) . The 4 doors on the right are townhome style units that are 2 bed/1.5 bath units, 1280 sq ft each. Each townhome style apartment has their own 1-car garage. Units 1A and 1B share the 2 car garage. Rents are low based on comparable rents for this size and condition. Management company says rents should be $1450-$1550 per unit. 1unit/lease (1B) expires at the end of this month (April). 2 leases expire in July, 1 in Aug, and 1 in Sept. So the rents can be raised to market rents very quickly. Unit 5 lease renewed Jan 1st of this year (at $1405/mo) (which is still under current market value according to management company). The pictures are of one of the townhome style units. All 4 townhome style units have the same floorplan (2 are flip-flopped). All 6 units are remodeled with the same colors, appliances, finish, etc, and in similar condition as the pictures. The 2 up/down units obviously have a different layout. Square footage figures are provided as a courtesy estimate only and were obtained from county records and prior appraisal inspection . Buyer is advised to obtain an independent measurement.
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12BEDS
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0.46ACRES
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10BATHS
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01/2 BATHS
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7,316SQFT
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$226$/SQFT
School Information
Description
PRICE REDUCED!!! This is like buying a 4-plex for 1.1 million and a duplex for $550K. This is a STEAL! For this age, sq footage, and condition, you cannot find a better rental building in Utah County. Built in 1994. HUGE units - And always rented. All 6 units were completely remodeled in 2018. All units have central air. The door on the left (1A and 1B) comprises 2 units (up/down apartments that are 2 bed/1 bath and almost 1100 sq ft each) . The 4 doors on the right are townhome style units that are 2 bed/1.5 bath units, 1280 sq ft each. Each townhome style apartment has their own 1-car garage. Units 1A and 1B share the 2 car garage. Rents are low based on comparable rents for this size and condition. Management company says rents should be $1450-$1550 per unit. 1unit/lease (1B) expires at the end of this month (April). 2 leases expire in July, 1 in Aug, and 1 in Sept. So the rents can be raised to market rents very quickly. Unit 5 lease renewed Jan 1st of this year (at $1405/mo) (which is still under current market value according to management company). The pictures are of one of the townhome style units. All 4 townhome style units have the same floorplan (2 are flip-flopped). All 6 units are remodeled with the same colors, appliances, finish, etc, and in similar condition as the pictures. The 2 up/down units obviously have a different layout. Square footage figures are provided as a courtesy estimate only and were obtained from county records and prior appraisal inspection . Buyer is advised to obtain an independent measurement.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-05-20T18:38:59.533. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.