339 S 600 W Active Save Request In-Person Tour Request Virtual Tour
Provo,UT 84601
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,105 sqft
Price per Sqft $294
MLS Listing ID 2051311
Style Up And Down
Bedrooms 11
Construction Status Blt./Standing
HOA Y/N No
Year Built 1970
Annual Tax Amount $6,801
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type > 4 Units
Property Description
New Price + 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), 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
Interior Features Range/Oven: Free Stdng.
Heating Gas: Central
Flooring Carpet,Laminate
Inclusions Freezer, Range, Washer
Fireplace No
Window Features Blinds
Exterior
Carport Spaces 8
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Fenced: Part, Road: Paved, Sidewalks
Handicap Access Single Level Living
Total Parking Spaces 26
Private Pool No
Building
Lot Description Fenced: Part,Road: Paved,Sidewalks
Sewer Sewer: Connected,Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Franklin
Middle Schools Dixon
High Schools Provo
School District Provo
Others
Senior Community No
Tax ID 04-027-0029
Acceptable Financing Cash,Conventional,Seller Finance
Listing Terms Cash,Conventional,Seller Finance