745 S Harrison Dr #37
Springville, UT 84663
$2,325,000 See similar homes
MLS #2109234
Status: Available
By the Numbers
| 20 Bedrooms | 8,625 sq ft |
| 15 Bathrooms | $10,000/year taxes |
| 10 car garage | HOA: $700/month |
| .15 acres | |
Listed 53 days ago |
|
| Price per Sq Ft = $270 ($270 / Finished Sq Ft) | |
| Year Built: 2025 | |
Rooms / Layout
| Square Feet | Beds | Baths | Laundry |
|---|
Dining Areas
| No dining information available |
Schools & Subdivision
| Subdivision: West Field Central | |
| Schools: Nebo School District | |
| Elementary: Meadow Brook | |
| Middle: Undisclosed | |
| High: Springville |
Realtor® Remarks:
Springville, Utah | 5-Plex Investment Opportunity Brand new 5-unit townhome building hitting the market-designed for the investor who wants both stability and appreciation upside. Each unit offers 4 bedrooms, 2.5 bathrooms, modern finishes, private balconies, 2-car garages, and functional layouts built for long-term tenant demand. Income Snapshot (Pro Forma): Monthly Rent per Unit: $2,318 Gross Scheduled Income: $139,080/year Net Operating Income (NOI): $97,438/year Cap Rate: 4.23% (based on bulk price of $2,325,000) Operating Assumptions: Property Taxes: $15,640/year (Utah County, non-owner occupied) Insurance: $3,750/year ($750 per unit) Management: 8% ($11,126/year) Maintenance (new build): 3% ($4,172/year) Vacancy: 5% ($6,954/year) Investor Highlights: Bulk Discount Pricing: $465,000 per unit (below retail comps; one unit already appraised at $480,000). Turnkey New Construction: Minimal maintenance in early years, maximizing NOI. Tenant-Friendly Design: Large bedrooms, full laundry rooms, walk-in pantries-features that command premium rents and tenant retention. Prime Location: 3 minutes to I-15, 1 minute to schools and parks, 5 minutes to Walmart/Smith's Marketplace, and minutes from Provo/Orem employment hubs. 1031 Exchange Ready: Strong cash flow with long-term appreciation in one of Utah's fastest-growing corridors. This is not a "what if" deal-this is new construction with completed phase comps already proving value. Whether you're looking to roll gains via a 1031 or lock in a long-term hold in Utah County, this 5-plex checks the boxes for stability, growth, and tenant demand. Subdivision maps, floorplans, and appraisal docs available upon request. Square footage figures are provided as a courtesy estimate only and were obtained from construction plans. Buyer is advised to obtain an independent measurement.Schedule a showing
The
Nitty Gritty
Bath: Primary
Walk-in Closet
Disposal
Updated Kitchen
Free Standing Range/Oven
Dishwasher: Built-In
Find out more info about the details of MLS #2109234 located at 745 S Harrison Dr #37 in Springville.
Bath: Primary
Walk-in Closet
Disposal
Updated Kitchen
Free Standing Range/Oven
Dishwasher: Built-In
Balcony
Covered Patio
Sliding Glass Doors
Covered Patio
Sliding Glass Doors
Portable Dishwasher
Microwave
Range
Refrigerator
Microwave
Range
Refrigerator
Paved Road
Mountain View
Mountain View
This listing is provided courtesy of my WFRMLS IDX listing license and is listed by seller's Realtor®:
Luke Kennard
, Brokered by: Equity Real Estate (Premier Elite)
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