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457 S 500 E

Provo, UT 84606

Front And Rear

Provo, UT 84606

457 S 500 E

$799,900

MLS#: 2179050

Status: Active

Listing provided by: Prime Real Estate Experts

Listing agent phone: None

Last update: 6 days ago

On site: 6 days ago

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About

SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market, with a solid 6.18% cap (as is!) with easy 7%-cap potential simply by increasing rents (which are BELOW MARKET)! Recent rate increase validates the pro forma rent assumptions! Increase the cap to mid or upper 7's by self managing. 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

Beds

7

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

3,278

Features

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.17

  • Lot Size(square feet)

    7,405

  • Property Type

    Residential

  • Property Sub Type

    Multi Family

  • Architectural Style

    Front And Rear

Price

  • Sales Price

    $799,900

  • Tax Amount

    $5,802

  • Sq. Footage

    3,278

  • Price/SqFt

    $244

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    Provo

  • Middle School

    Centennial

  • High School

    Timpview

Property Features

  • New Construction

    NO

  • Senior Community YN

    NO

Schedule

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Location

  • County

    Utah

  • Elementary School

    Provo

  • Middle School

    Centennial

  • High School

    Timpview

Listing Courtesy of Niki R Worthington , Prime Real Estate Experts

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Damon Luke

Damon Luke

President / Real Estate Advisor

Call Damon today to schedule a private showing.

Phone (801) 477-7421

Email Damon@OnXrealty.com


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457 S 500 E

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