385-695-9735
1801 N 950 W, Provo, UT for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

1801 N 950 W
Provo, UT 84604
Grand View North


HIGHLIGHTS

  • Value-Add Investment Opportunity: Offers significant potential for enhancement and returns.
  • Recent Major Improvements: The exterior has been attractively updated, and a new parking lot has been added as of last year.
  • High Barrier-to-Entry Neighborhood: Protected from new construction, ensuring stable demand.
  • Robust Renter Pool: 52% of housing units are renter- occupied, indicating strong rental demand.
  • Nearby Universities: Close to Brigham Young University and Utah Valley University, attracting approximately 82,000 students collectively.

OVERVIEW

Berkadia is pleased to exclusively present Grandview Manor, a 72-unit property built in 1971-1973 located in Provo, Utah—one of the fastest growing and most desirable cities in the country. Grandview Manor offers a strong value-add opportunity with 100% of the units available to upgrade. Current ownership has maintained and cared for the asset well but has not completed any programmatic upgrades to the interior units at the property, allowing the next owner to take advantage of the future upside potential. The Property is situated along State Street, a main arterial thoroughfare that connects the Property to Brigham Young University, University Place Mall, and Utah Valley University. Together, the two universities draw over 82,000 students to the area creating a constant high demand for rental housing. BYU recently announced a new School of Medicine that is set to open in 2027, poised to bring additional growth to the area.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grandview Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

RC

APN/PARCEL ID

19-065-0004,19-065-0007

ASK ABOUT THIS PROPERTY

Dianne HodnettBerkadia Real Estate AdvisorsMore Info
385-695-9735

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Dianne HodnettBerkadia Real Estate AdvisorsMore Info
385-695-9735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.