339 S 600 W Pending Save Request In-Person Tour Request Virtual Tour
Provo,UT 84601
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 6,105 sqft
Price per Sqft $294
MLS Listing ID 2051311
Style Up And Down
Bedrooms 11
Year Built 1970
Annual Tax Amount $6,801
Lot Size 0.430 Acres
Property Sub-Type > 4 Units
Property Description
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.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Multi-Family
Interior
Heating Gas: Central
Flooring Carpet,Laminate
Inclusions Freezer, Range, Washer
Exterior
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
View Y/N No
Roof Type Asphalt
Building
Lot Description Fenced: Part,Road: Paved,Sidewalks
Sewer Sewer: Connected,Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Schools
Elementary Schools Franklin
Middle Schools Dixon
High Schools Provo
School District Provo
Others
Acceptable Financing Cash,Conventional,Seller Finance
Listing Terms Cash,Conventional,Seller Finance