11 Bedrooms | 6,105 sq ft |
11 Bathrooms | $6,801/year taxes |
No garage/carport | |
.43 acres | |
Listed 290 days ago |
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Price per Sq Ft = $294 ($294 / Finished Sq Ft) | |
Year Built: 1970 |
Square Feet | Beds | Baths | Laundry |
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No dining information available |
Subdivision: Undisclosed | |
Schools: Provo School District | |
Elementary: Franklin | |
Middle: Dixon | |
High: Provo |
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.Schedule a showing
Find out more info about the details of MLS #2051311 located at 339 S 600 West in Provo.
To tour homes in person, call (801) 541-8806.